Meridian Private Client has brought in more than £1million in annual fee income for the first time since the firm was founded ten years ago.
Meridian, which specialises in estate and long-term tax planning for individuals and families, has reported sales of £1,000,526, an increase of five per cent compared with the previous year’s figure.
The firm employs 14 people in its offices in Little Packington, near Solihull.
The financial progress has been reported as the firm launches a new initiative aimed at extending its offering of estate and tax planning to individuals and families with between £1 million and £5 million of total assets.
Over the last ten years, the firm’s reputation has been built on advising wealthier families.
The new focus is being spearheaded by Peter Gate, an associate at the firm, and solicitor Vicki Bennett.
Partner Philip Harrison said: “Hitting the £1 million fee income mark tops off a successful decade for us as a specialist private client law firm”. He added that the decision to broaden the firm’s offering is a strategic move.
“Estate planning generally and inheritance tax planning in particular has become even more significant as the economy has recovered,” he said.
“Valuations of assets including houses and businesses are increasing rapidly and this is already leading to more people needing to review their plans or being caught up to a greater extent in the inheritance tax net.
“Early planning will make a huge difference for these families.”