A financial planner who spent 25 years operating as a one-man band has this year been on a rapid growth drive, building a team of six and taking up new offices in Sunderland.

Adrian Holland founded Kudos Wealth Management in 1992 and, until recently, had been the sole employee in the small-but-successful company.

However, soaring demand for financial advice, fuelled by increasingly complex finance products and a shortage of advisors, has seen the firm grow exponentially this year.

In January, Kudos moved into new offices at the City Council’s Washington Business Centre and has since grown a team of six staff, including advisors, a trainee advisor and admin staff.

Annual turnover is expected to increase more than three-fold by 2020 on the back of this growth.

Adrian says: “The company’s expansion is attributed to a perfect storm of factors. Firstly, there is a lack of financial advisors, particularly among banks. But at the same time, we’ve seen financial services and products getting more and more complex.

When I started 26 years ago, there were around 250,000 advisors in the UK. Now there are only 22,000.

“The recent pension reforms have brought added uncertainties and have had a major impact on the business. On top of all that, younger generations of the families I have advised for years are increasingly seeking advice on growing their wealth, causing demand to further increase.”

Adrian worked closely with Sunderland City Council’s business investment team to secure the company’s new premises. Washington Business Centre is proving to be an ideal location, with the high-quality offices and central situation to suit Kudos and its growing list of clients.

Leader of Sunderland City Council, Councillor Graeme Miller, says: “After decades in business, Adrian has taken the bold step of taking on staff and expanding with great results. Kudos is a welcome addition to Sunderland’s highly skilled financial, professional and business services.”

“Demand for the services offered by Kudos will no doubt continue rising as young people face increased pressure to secure their long-term financial future and older savers navigate an ever-changing pensions landscape.”

As well as his role at Kudos, Adrian Holland serves as a non-executive director of the Citizens Advice Bureau in Sunderland.

Kudos Wealth Management is an associate practice partner of St James’s Place Wealth Management. Its services include investment and retirement planning, protection of estates, corporate services and banking and mortgage advice.

Situated just off the A1231, one minute from the A19, Washington Business Centre offers a mix of contemporary offices, workshops and hybrid units. The 5,200sq metre facility is located within the heart of the North East Low Carbon Enterprise Zone, at the entrance to Turbine Business Park.

For more about investing in Sunderland and Washington Business Centre visit www.makeitsunderland.com.

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