Carrington Wealth exceeded its 2021 financial targets and has a sustained recurring income of 93%, which has enabled it to invest heavily back into the business.

It has developed two new propositions: a pre-retirement service and, through partnering with solicitors, a service to support women entering or going through divorce.

This is part of a bigger plan to invest in the firm’s relationships with professional connections to add value to its client services.

Carrington has prioritised its team and back office, with two new hires, training for all staff, and new software and systems to improve security and aid efficiency.

With a focus on sustainability, Carrington has developed its sustainable investing proposition, with ESG funds now constituting 15% of recommended funds.

In other developments, the firm has lobbied platforms to ring-fence share classes, which has enabled them to reduce costs to clients.

Mike Hodges is managing director and Alistair Candlish a director.

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