Number of advisers and staff also more than doubled
Mortgage and protection broker Access Financial Services (Access FS) has revealed substantial growth over the past year, underlined by a 128% increase in turnover by the close of its 2023 financial year.
Aside from increased turnover figures, the number of mortgage and protection advisers also more than doubled from 95 in 2022 to 200 by the end of its financial year and has now hit 240. The number of head office staff also went up from 17 to 36.
Access FS advisers exhibited a 26% year-on-year surge in mortgage sales, while protection sales witnessed a staggering uptick of 155%.
In contrast to industry trends, Access FS said its advisers prioritised protection advice and sales, often qualifying in protection before pursuing CeMap certification and mortgage advising.
Read more: How can you get a CeMAP qualification?
Beyond professional development through training, Access FS increased investment in support services, substantially augmenting the number of clients each adviser can attend to.
Access FS also acquired a digital marketing agency this year, providing a substantial boost to lead generation for its advisers. Simultaneously, the ongoing development of the academy ensures a continuous supply of skilled professionals with comprehensive training courses, including CeMAP 1, 2, and 3.
Looking ahead, the brokerage has set ambitious targets for the next two years, and anticipates 45% growth in the current financial year ending in mid-2024, with even more substantial 80% growth predicted for the subsequent year.
“Our performance this year has been a validation of the growth strategy we put in place in previous years,” Karl Wilkinson (pictured), chief executive at Access Financial Services, commented. “We are redefining what growth looks like in the market. We’ve seen our adviser community grow significantly, and our financial growth has been extraordinary.
“Our significant growth in adviser numbers and financial performance is testament to our innovative mindset and collaborative ethos. We’re not just participants in the market – we want to be innovators, leading the charge and setting new benchmarks. The figures speak for themselves. We’re not content with the status quo, we’re constantly striving for more.”
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