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Thursday, June 13, 2024

Timeline Achieves £4 Billion AUM, Doubling Adviser Firm Partnerships

British fintech powerhouse Timeline has announced reaching a significant £4 billion in client Assets Under Management (AUM) as it enters 2024, having doubled its adviser firm partnerships and AUM in the previous year.

Leading the Way in Financial Advisory

Launched just six years ago by CEO Abraham Okusanya, Timeline has quickly become a leading force in the financial advice market, which encompasses over £1 trillion in client assets. The company provides Independent Financial Advisers (IFAs) with advanced technological tools, enhancing workflows, client interactions, and overall financial outcomes in the UK.

Record Growth and Market Recognition

In 2023, Timeline continued its remarkable growth, retaining its title as “the UK’s fastest-growing discretionary fund manager” from 2021 and 2022 and breaking into the top-10 Model Portfolio Services (MPS) as per Nextwealth. Defaqto acknowledged Timeline as the ‘most recommended MPS by Advisers’ in 2023, highlighting its significant new business generation.

Digital Excellence for IFAs

Timeline’s superior financial planning software, which includes a suite of tools for client engagement, risk profiling, cashflow analysis, and investment insights, alongside the Timeline Portfolios, remains highly attractive to IFAs. Its integrated system offers a streamlined, cost-effective digital solution for UK IFAs.

Abraham Okusanya, founder and CEO of Timeline, remarked:

“ I’m truly delighted that our mission has resonated so deeply with financial advisers. Starting the year with over £4 billion of clients assets invested in better, lower cost portfolios, aligned with their goals, is ultimately reflected in the tens of thousands of end clients and their families who are now facing a better financial future.

The UK’s financial advice market represents a staggering £1 trillion in client assets. Everybody in the industry now recognises Timeline as the unstoppable rocket ship on a mission to make financial life and retirement better for millions of people. We aspire to be the Number One provider of technology-powered Model Portfolio Services for IFAs within the next three years.”

The Adviser 3.0 conference, initiated by Timeline in 2023 and featuring prominent figures like Baroness Karren Brady and Seth Godin, will continue in 2024 with business luminary Deborah Meaden and hundreds of advisers in May.

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