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Saturday, July 13, 2024

2022 Sees Unprecedented Growth for True Bearing Chartered Financial Planners

True Bearing, part of the Amber River group (a partnership of some of the UK’s leading regional Independent Financial Adviser (IFA) groups), is in expansion mode. 2022 has been a period of growth for the Chorley based financial adviser firm. Since True Bearing joined the Amber River group in 2021, the award-winning company has added an acquisition focus to its underlying organic growth.

In the last 9 months, True Bearing have acquired seven small, but high-quality north-west IFA firms. These firms are based in locations across the North West and beyond, including Radcliffe, Bowden, Sale, Preston, Cockermouth, Stoke and Macclesfield. True Bearing are also in talks with several other North West IFA firms and with these further acquisitions in the pipeline, the company hopes to pass the 10 million turnover mark.

The True Bearing company ethos is based on a philosophy of good advice and good service, aiming to enrich the lives of their clients. The company has always prided itself on its down to earth attitude, typical of many Lancashire based firms. Chairman George Critchley says ‘The firms we have decided to buy have been run by people with the same attitude, so it appears there is a good cultural fit. We value every pound that our investors trust us with’.

This acquisition programme and the continuing demand for our services has created many new employment roles in the Lancashire area. As well as the staff from the acquisitions, True Bearing have added 3 additional outstanding and experienced IFA’s since the start of 2022 and more will join before the end of the year. This has also led to a need for more back office support including Adviser Assistants and new additions to the Business Development team.

Of the acquisitions, Mary-Anne McIntyre, CEO of Amber River says; “From the first time we met George and the True Bearing team we knew they shared our passion for creating a best in class financial planning group centred around clients. George is well known for this and, as a result, has been able to attract like-minded businesses in the region to join him on the journey. It’s a pleasure to see our partnership bearing fruit and new roles being created to support both client and firm growth.”

Quick facts

  • True Bearing became part of the Amber River group in 2021 and have been on a programme of expansion
  • True Bearing have expanded by purchasing seven IFA firms in 2022
  • This puts the company on track to turn over 10 million pounds a year
  • These acquisitions have created a range of employment opportunities in the Chorley area and beyond
  • These roles include Independent Financial Advisers, a Legal Intermediary and some back -office roles.

True Bearing Chartered Financial Planners are an Independent Financial Advisory Firm based in Euxton, Chorley. Founded in 2003, our growth has accelerated through a clear focus on professionalism, excellence, strong mutual business partnerships and creative business thinking.

Sam Allcock
Sam Allcockhttps://businesslancashire.co.uk/
Sam Allcock is a highly regarded digital entrepreneur with over 20 years’ experience in online marketing for some of the World’s biggest brands. He has extensive knowledge and experience in SEO and digital marketing. He is based in Cheshire but has an interest in all things going on in the North West and enjoys contributing local news to the site.
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