WT Financial Group sees itself as well positioned to achieve organic growth.
In reporting its half year results to 31 December 2023, the company says this organic growth will be “…through aiding in the growth of existing practices, product and service innovation and in turn the recruitment of more leading advice practices.”
The results announcement says the directors are confident that the recent acquisition of M3 will further boost the profitability of the group (see:WT to Acquire Millennium3).
The company adds that the completion of its various acquisitions over the past three years “…has represented the conclusion of a very deliberate strategy by WTL to shift from its previous direct to consumer (or B2C) focus to an advice network (or B2B) focus to capitalise on industry disruption.”
It notes that while it has now “…surpassed the critical scale it was striving to achieve through its acquisition and renovation strategy and its focus is primarily growth in profits of itself and the practices it supports, the directors will continue to consider corporate opportunities on their merits as, and when, they arise.”
