Challenge

Hurst are an award-winning Manchester accountancy practice, with 72 staff including 12 partners. It’s an exciting time for the business, recently making it into the Accountancy Age 50+50 list of leading accountancy practices and expanding in to a second Manchester office. When setting out on their partnership with Pareto in 2018, there objective was to offer their clients an holistic financial service. Their aim, to help entrepreneurs with their financial security. In particular, the large number of Hurst clients currently pursuing a business exit strategy. By offering an added financial planning service, Hurst would be able to continue to support their clients beyond the business transaction.

Solution

The Pareto/Hurst partnership began in late 2018 and was marked by a joint press release to the local business press. A senior member of Pareto’s advisory team joined up with Hurst for an agreed number of days per week. Working closely with the corporate finance team and key partners, we have successfully integrated our planning service. Our advisor’s presence around the table when discussing exit strategy with clients has been welcomed by all parties. To integrate our service further, we have also co-hosted a seminar session with Hurst clients to discuss the different options available when business owners exit their business.

Results

Since working with Hurst, our approach has been well received by clients and the Hurst Team. Their dedicated adviser has enjoyed holding joint meetings with clients, covering all aspects of individual & company finance in order to create a bespoke plan for their business, and the directors both now and in coming years. We are feeling very positive about the year ahead, and look forward to further developing the relationship with Hurst and being an active part in their ambitious growth plans in the years ahead.