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18 May 2011

Jump Money, the nationwide financial advisers, have today (18th May 2011) announced strong growth figures for 2010 covering turnover, issued policies and number of advisers. The Leeds-based advisory brand announced improved performance for 2010 with turnover rising to just over £3 million. The number of policies issued throughout the year saw a 14% increase on forecasted figures while the number of advisers increased from two at the start of the year, to finish with 17. Figures for the end of quarter one 2011 also reveal strong ongoing results for both turnover and the number of issued policies, considerably increased on the same quarter 12 months ago and beating forecast levels. The number of advisers has also increased to 24. Jump Money has predominantly focused on providing advice in the life assurance and protection sectors but also offers a range of other products including general insurance, private medical insurance, secured loans, credit cards and mortgages. It has significant plans to expand into other financial advice areas such as pensions, investment and equity release in the coming months. Jump Money’s core aim is to provide financial advice products through web-based platforms to those individuals who do not already have a financial adviser. It recently launched a ‘Personal Account’ section on the website for all existing clients which offers access to client reports, a free trust builder service, storage for all policy documentation, plus offers and discounts on other products. Adam Temple, Managing Director of Jump Money, commented: “The last 15 months has certainly seen the Jump Money business expand and develop as we have grown in a variety of areas. At the start of 2010 we had just two advisers and at the end of quarter one 2011 this had grown to 24 not including those based in our retentions department. As we currently stand we fully expect to substantially improve on our turnover and number of policies issued by the end of this year, whilst we will also be moving into a number of new and exciting product areas. We have established particularly strong relationships with insurance companies and providers and our focus remains on providing clear, impartial advice to those individuals who may not have received any sort of financial advice prior to contacting us. “Up until now our focus has been on the life assurance and protection markets and we are currently providing a tailored advice service predominantly in this area. However it is our aim to deliver across the board covering all the needs of our clients – a true lifestyle financial advice service. Already in 2011 we have seen a considerable hike in volumes based on a vastly increased number of enquiries. From this we are developing long-term clients who want to come back to Jump Money for all their financial advice wants and needs. 2011 is shaping up to be a particularly exciting year for us and we will be announcing a series of new developments, exciting relationship and product offerings in the coming weeks and months ahead.” For full information on Jump Money visit: www.jumpmoney.co.uk ENDS

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