2plan Wealth Management, the UK-based IFA, said it doubled its roster of advisors over 2009, while simultaneously reporting a record increase in turnover for the year.

2plan, which now has 200 advisors on board, posted a turnover of £7.8 million ($12.2 million) for last year, an increase of 144 per cent from the previous year’s figure of £3.2 million.

The firm also said it plans to launch a new company share scheme as part of its long term growth plans. The scheme, which will be open to all existing 2plan members and those who are appointed prior to 31 May 2010, will allow advisors to qualify for a shareholding based on their production levels.

“We have always been firm believers in alignment and allowing everyone to share in the success of 2plan, and have the opportunity to become a shareholder makes absolute sense as part of our long term growth plans,” Chris Smallwood, 2plan’s chief executive, said in a statement.

“Personally, I believe it can also bring about a change in people - and owning part of something which you are truly proud to be part of means everyone shares the same passion to work together for common goals. It also brings about behaviour changes and the way we treat and communicate with each other so we never have a ‘them and us’ attitude as everyone endeavours to be the best at what they do and play their part in the organisation.”