Helm Godfrey is seeking further acquisitions after profits rose by 47 per cent in the first half of this year from £345,000 to £507,000.
The national IFA firm saw turnover grow by 34 per cent from £2.76m to £3.7m.
Managing director Bruce Wilson says it is starting to see the benefits of wrap in improved admin and attracting and retaining assets. He says growth has also been bolstered by buying Howard & Co in June and Fresh Finance last August and his management team are looking for further acquisitions.
He says any acquisitions must share Helm Godfrey’s focus on clients and putting profitability before turnover.
Wilson says: “It is only by doing this that we have been able to build a business with the necessary resources to develop and grow in the way we have, acquiring other IFA firms and attracting new advisers. It is still early days with regard to wrap and increasing assets under management but the benefits to the business are clear and we have already started to see this come through in the numbers. It will be an increasingly important part of the business.”