Achievement for IFA
Alan Steel ‘chuffed’ as firm hits £1 billion milestone
The company, which launched in Linlithgow in 1975 and is still based in the town, handles financial affairs for a number of wealthy individuals who have been with the firm for many years.
It has been a top ten finalist every year in the UK Best Investment IFA category in one of the UK award schemes, being the first IFA business to win the award three times.
Commenting on hitting £1bn today, founder Alan Steel said: “It’s hard to take in given as a business we’ve been through so many recessions, stock market crashes and ends of the world. But we kept faith in our beliefs, integrity and hard work. Everyone here, all 42 of us, are just chuffed to bits.”
Mr Steel, who is also a contributing columnist to Daily Business, said that the company has thrived as individuals seek advice at a time of low interest rates and changes to pensions regulations.
“As taxation especially relating to pensions has changed hugely over the last 10 years in particular, investors are looking for more than just an investment service,” he said.
“We live in clearly uncharted waters economically with hourly updates competing for ‘bad news’. Interest rates are low and probably will remain low for a long time. We’re living longer. Pensions and tax laws add to the puzzle.”