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Wealth management group announces record financial year

The RU Group’s senior leadership team, L-R: Head of Advice Ian Browne, Director Helen Lindo and Managing Director Andy Dyke

Independent financial planning and wealth management company, The RU Group, has announced record results for the 2018/2019 financial year following the publication of its latest management accounts.

Headquartered in Nottingham’s ng2 Business district, with offices in Derby and Sheffield, The RU Group comprises Russell Ulyatt Financial Services, Greenhalgh Financial Services, Hart Shaw Financial Planning and Shevill Parkes Financial Services. It’s multi-faceted approach to financial planning and wealth management is based on placing its clients and staff at the heart of everything it does, and this has been attributed to the firm’s ongoing success.

Turnover has increased by almost 10 per cent on the previous year to £5.8 million and profits have grown by 17 per cent, due to effective cost control over the period. At the same time, the company is committed to continued reinvestment and is spending in excess of £150,000 on IT infrastructure to improve client services, positioning the business for future growth.

Commenting on the results, Andy Dyke, The RU Group’s Managing Director said“We’ve had another record-breaking year, which includes surpassing £500 million of assets under management, our highest to date. It is the third consecutive year that Russell Ulyatt Financial Services has achieved Chartered Status and we now have a record number of chartered staff with over 40% of advisors and paraplanners achieving chartered status.

“Our commitment to continued investment in our people and the ‘Culture of Learning’ that is embodied within our business demonstrates that we are dedicated to achieving the highest standards of knowledge, expertise, excellence and professionalism. We have high client satisfaction levels and have been ranked in the top 100 independent financial advisers* in the UK. This is an exciting time for the firm as we continue to invest in our team and our clients and I’m looking forward to what we can achieve over the next 12 months.”

The RU Group currently has over £500 million in private wealth under management in its model portfolios and investment propositions. The company employs over 60 members of staff across its offices in Nottingham, Sheffield and Derby.

*NMA Top 100 2018.