Burscough-based company, which was founded in 2006, has more than 900 active clients on its books, served by a 16-strong team of staff

Financial services firm Acumen Financial Partnership has seen a 60% increase in funds under management to £160m.

The West Lancashire firm has reached this milestone less than a year after the company broke the £100m barrier.

The Burscough-based company, which was founded in 2006, has more than 900 active clients on its books, served by a 16-strong team of staff.

Managing director Angela Maher said: “Reaching this significant milestone comes at an important time for the business as we look to build for the long term.

“We have a close-knit, highly-skilled team which we hope to grow at all levels, while ensuring current staff members reach their full potential with Acumen.”

Another director, Jon Landy, added: “From 2013 to 2016 the company increased its funds managed total by around £50m, so to better that in just one year is tremendous.

“Breaking the £160m barrier, in combination with this unprecedented level of growth, demonstrates a huge leap forward in terms of our business strength and direction.”