True Potential grows profits and advisers

We are delighted to announce the latest financial results for the True Potential group of companies, which show significant year-on-year increases in turnover and profits.

True Potential has increased turnover to £18.9m to the end of September 2013 – a rise of 139 per cent against the same period in 2012 (£7.9m). January-September has delivered £3.6m pre-tax profit for the group, a 44 per cent increase on the same period in 2012.

We have also seen substantial increases to the number of Wealth Management Partner advisers in True Potential Wealth Management, up to 347 from 95 at the end of September last year. This represents an increase of 265 per cent.

The announcement was made by Neil Johnson, senior partner at our annual sales conference in Newcastle upon Tyne yesterday.

Neil said: “Since the introduction of the RDR, the financial services sector has experienced changes like never before. In today’s market, advisers need to be armed with the most powerful, most user-friendly tools available to them. Our financial results show that this is a challenge that we were prepared for and many advisers are choosing to use our technology and join our Wealth Management arm to succeed in today’s market.”

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