Westerby Group said it has seen a 50 per cent increase in staff over the past five years with turnover and pre-tax profit more than doubling on the back of increased demand for independent advice.
The firm's assets under advice or trusteeship and administration have increased to about £800m, and are projected to reach £1bn in due course.
Steve Harvey, managing director of Westerby Group, said the company's expansion was due to a significant decrease in independent advisers and competitors.
He said the firm's growth had led to Westerby Group recruiting new members of staff and extending its offices in Leicester.
He said: "People are waking up to the fact they are often locked into high fees and uncompetitive investment products from advisers who are not independent and don’t have access to the whole of the marketplace.
"We are also seeing a high demand for Sipp and Ssas products. As one of a small number of providers of independent Sipp and Ssas products in the UK, Westerby Group continues to enjoy growth and looks set to capitalise on this demand."
Westerby Group consists of advice firm Westerby Investment Management and Sipp provider Westerby Trustee Services.
damian.fantato@ft.com
