WT Financial Group remains confident that the outlook for the advice profession has never been stronger for those who embrace its ongoing modernisation.
In announcing the company’s indicative results for the year to 30 June 2024, the company’s founder and managing director, Keith Cullen, says the demand for quality financial and personal risk insurance advice continues to grow as millions more Australians plan for, and reach, their retirement – at the same time, adviser supply has been reduced and barriers-to-entry remain high.
He says the firm intends “…to continue to drive paradigm shifts in the licensee-adviser relationship to further improve outcomes for practitioners, their clients, and our shareholders, including working with practices to further modernise through technology solutions and corporatisation initiatives”.
The group’s indicative results for the year to 30 June 2024 saw underlying business operations record a 15.3% increase in revenue to $185.1 million and a 51.4% increase in underlying net profit before tax to $4.4M.
Cullen says the results “…are not only reflective of our network’s performance, but of a positive future for all advice practices and advice network operators who embrace and drive change”.
The company says it’s among the largest financial adviser networks in Australia. Its wealth management, retirement planning and personal risk insurance advice services are delivered primarily through a group of around 400 privately-owned advice practices whose advisers operate as authorised representatives under its Wealth Today, Sentry Advice, Synchron Advice, and Millennium3 subsidiaries.
