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First two years of growth goes 2plan

2plan Wealth Management has increased its IFA numbers from 22 at the end of 2007 to 180 advisers after two years of trading.

The Standard Life-backed national IFA firm has reported turnover of £3.2m for 2008, a big rise from £300,000 in 2007. It says that turn-over for the first six months of 2009 has already exceeded the £3.2m annual turnover for 2008.

The company would not disclose its profits but says that it is on target to reach profit net of investment by 2011.

Chief executive officer Chris Smallwood says: “Even in a healthy economic environment, any IFA firm able to announce such rapid progress in its first two years of trading should be rightfully proud of its achievements.”

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