MPA in the Midlands has seen a big jump in client numbers this year, from 7,500 to almost 11,300. Assets have risen by a smaller proportion, from £950m to £1bn.

Growth in the business has been driven by the recruitment of four new financial advisers and two additional administrators. The company is also sponsoring four new trainee advisers through their exams.

In other developments, MPA has hired a PR company to improve client communications, changed its information technology systems to ensure data protection and improve internal processes, and launched a number of joint venture decumulation portfolios with Hymans Robertson, called HR Inspire, which are low volatility and relatively cheap.

Looking ahead, managing director Phil McGovern is working on a plan whereby he can take on a more strategic role and younger members of staff can assume greater managerial responsibility.