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Record Results for Midlands Wealth Management Group

The RU Group Announces Highest Turnover and Profits to Date Following Production of 2017/2018 Management Accounts.

The RU Group, made up of Russell Ulyatt Financial Services, Greenhalgh Financial Services, Hart Shaw Financial Planning and Shevill Parkes Financial Services, has announced record results for the 2017/2018 financial year following the production of its latest management accounts.

The leading group of independent, personal and corporate financial advisers, headquartered at the ng2 Business Park in Nottingham, has achieved significant increases in both turnover and profit. Substantial re-investment in the business has also taken place which has ideally positioned The RU Group for further growth during the next financial year and beyond.

Overall, The RU Group’s turnover has increased by almost 20% to £5.3 million. Profits before tax have also increased by 20% from the previous year.

Investment in the business has also risen, with The RU Group, which has roots in Nottingham dating back over 130 years, investing a further £650,000 into the company, an 18% increase on the previous financial year. This investment has seen the group re-brand to The RU Group, undergo a significant upgrade of its IT infrastructure to improve its service delivery for clients, appoint new staff, host a range of networking and business events and invest in further marketing and PR support to help raise awareness of the firm.

Alongside this investment, these impressive results can also be attributed to the group’s ongoing commitment to its ‘Culture of Learning’ which embodies the emphasis placed on achieving growth through the professional development of staff, transforming levels of knowledge, expertise and professionalism. 

This sustained commitment, hard work and growing expertise of The RU Group’s staff has resulted in Russell Ulyatt Financial Services being award the landmark Chartered Financial Planners title by the Chartered Insurance Institute for the second year running.  This has contributed to them securing new business from both existing clients and professional connections.

Re-branding the group of companies to The RU Group and simplifying client communication has made more clients aware of the breadth of services available and this has resulted in £64 million of new client money being added into its model portfolios and investment propositions. 

Commenting on the results, Andy Dyke, The RU Group’s Managing Director said:

“It is important that a Financial Planning firm is itself financially strong to ensure that it will be there to provide ongoing advice, reassurance and guidance to its clients who are approaching, at or in retirement. The investment in the business and the hard work of our staff has been fundamental to us achieving these results and has laid secure foundations for further growth. Whilst investment in the business will continue in the new financial year, last year included significant ‘one off’ investments, such as our new IT system, which will start to further benefit The RU Group and our clients in the future. I am looking forward to continued growth and developing our talented teams in Nottingham, Derby and Sheffield.”

The RU Group currently has over £450 million in private wealth under management in its model portfolios and investment propositions. The company employs over 60 members of staff across its offices in Nottingham, Sheffield and Derby.

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