{"id":72839,"date":"2024-08-13T10:05:24","date_gmt":"2024-08-13T00:05:24","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=72839"},"modified":"2024-08-19T14:00:12","modified_gmt":"2024-08-19T04:00:12","slug":"positive-future-seen-for-advice-practices","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2024\/08\/13\/positive-future-seen-for-advice-practices\/","title":{"rendered":"Positive Future Seen for Advice Practices"},"content":{"rendered":"<p><a href=\"https:\/\/www.wtfglimited.com\/\" target=\"_blank\" rel=\"noopener\">WT Financial Group<\/a> remains confident that the outlook for the advice profession has never been stronger for those who embrace its ongoing modernisation.<\/p>\n<p>In announcing the company\u2019s indicative results for the year to 30 June 2024, the company\u2019s founder and managing director, <strong>Keith Cullen<\/strong>, says the demand for quality financial and personal risk insurance advice continues to grow as millions more Australians plan for, and reach, their retirement \u2013 at the same time, adviser supply has been reduced and barriers-to-entry remain high.<\/p>\n<figure id=\"attachment_67121\" aria-describedby=\"caption-attachment-67121\" style=\"width: 151px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2023\/08\/Keith-Cullen-e1691467987394.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-67121\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2023\/08\/Keith-Cullen-e1691467987394-250x300.jpg\" alt=\"\" width=\"151\" height=\"181\" srcset=\"https:\/\/riskinfo.com.au\/news\/files\/2023\/08\/Keith-Cullen-e1691467987394-250x300.jpg 250w, https:\/\/riskinfo.com.au\/news\/files\/2023\/08\/Keith-Cullen-e1691467987394.jpg 283w\" sizes=\"auto, (max-width: 151px) 100vw, 151px\" \/><\/a><figcaption id=\"caption-attachment-67121\" class=\"wp-caption-text\">Keith Cullen<\/figcaption><\/figure>\n<p>He says the firm intends \u201c\u2026to 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\u201d.<\/p>\n<p>The group\u2019s 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.<\/p>\n<p>Cullen says the results \u201c\u2026are not only reflective of our network\u2019s performance, but of a positive future for all advice practices and advice network operators who embrace and drive change\u201d.<\/p>\n<p>The company says it\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s indicative results for the year to 30 June 2024, the company\u2019s founder and managing director, Keith Cullen, says the demand for quality financial and personal risk insurance advice [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":72842,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-72839","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dealer-groups"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/72839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=72839"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/72839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/72842"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=72839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=72839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=72839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}