A flourishing independent financial advisers is diversifying
into new markets after taking on four new employees.
Following unprecedented demand for investments such as
investment bonds and pensions, Newcastle-based ASC Financial
Management has branched into the mortgage and equity release market
with the appointment of Ivan Meredith.
The firm expanded their workforce to cater for increasing demand
for equity release, from those looking for a regular income on
retirement, to supplement the state pension, or as a lump sum to
meet their needs to purchase large items like a holiday home, or a
car.
The company has also recruited an office manager and two
additional Independent Financial Advisers.
Managing Director Tony Castrey said: "As the recovery has begun
to take hold we have seen a major increase in people looking to
invest monies into more low risk diversified products.
"They want to move away from low interest rates of high street
institutions such as banks and building societies.
"A lot of people are also looking into equity release, to take
advantage of the recovery of the housing market and make their
retirement more comfortable financially.
"This year's turnover from January 2010 to July 2010 was up 70%
on the same period last year, and August has also been extremely
busy."