Between September 2015 and September 2016 Acumen Financial Partnership saw a rise of more than 13% to £113m

Liverpool city region independent financial adviser Acumen Financial Partnership has broken the £100m barrier for funds under management.

The firm, based in Burscough, has reported an increase in funds under management of more than a 13% from September 2015 to September 2016, with the figure currently standing at £113m.

This continues a period of significant growth for Acumen which recorded funds under management figures of £35m in 2010, increasing to £65m in 2013.

Managing director Angela Maher, this year listed in The Sunday Times’ top 250 UK Independent Financial Advisers, said: “It is a tremendous achievement for Acumen to have broken this barrier in 2016, which marks a decade since the firm was first established.

“To have increased our funds under management by almost £50m in the past three years shows the strength of the company and the positive direction in which we are headed.”

Jon Landy, director of the firm, added: “Breaking the £100m barrier of funds under the company’s management is a significant milestone and testament to both the hard work of the Acumen team and the service provided to our clients.

“This news comes during an eventful 12 months for Acumen in which we welcomed two new members of staff, saw two other staff members become qualified advisers, and moved into new, 4,600 sq ft premises on Burscough’s Swordfish Business Park.”