Business passes billions mark

Award winning Alan Steel Asset Management this month exceeded the landmark £1 billion figure.

By The Newsroom
Tuesday, 2nd August 2016, 9:06 am
Updated Thursday, 25th August 2016, 4:21 pm
Staff at Alan Steel Asset Management
Staff at Alan Steel Asset Management

In simple terms, it means the total amount of money clients have invested in the company to look after has surpassed the ten figure sum.

This makes the financial advisory company, situated at Nobel House near Tesco, one of Scotland’s biggest non-national advisory firms.

Managing director Steve Forbes said: “This is an amazing achievement.

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“The company was founded in 1975 and has grown so much since then.

“We have a lot of people come to us with pension funds asking us to look after them.

“Our staff take great care ensuring all our clients needs are meet and we pride ourselves on the quality of our work.

“Our clients then tell others about us and how efficient we are.

“So we must be doing something right as 90 per cent of our customers are referrals.”

Alan Steel employs 42 people in a variety of roles with a majority of them living in the surrounding areas,

In total the company has around 3000 clients to look after with 40 per cent of them being based outside of Scotland.

Steve, who has been managing director for 12 years, joined the company in 1995 and has seen it develop over the years to the major success it is today.

He said: “When I first joined the team we were only looking after £100 million and had 16 staff.

“It certainly was a lot smaller then.

“In the past 20 years I have watched the company grow to become one of the best in the business.”

Since its beginnings, the company has always been based in Linlithgow and despite its growing success it has no plans to leave the Royal Burgh.

Steve said: “Our clients like coming here. The town has fantastic rail links, is easy to get to and is a very nice place to come and visit.

“We will just continue working and providing a service to those that need it.”

Alan Steel Management was also the first UK Independent Financial Advisor business to win a UK national best investment IFA award three times.