We are delighted to report that we have achieved significant increases in turnover and profits with the publication of our latest financial results for the calendar year 2014.
The results, which include the performance of all the companies in the True Potential Group, help confirm our position as one of the fastest-growing Technology and Financial Services organisations in the UK.
Here are some highlights:
- Annual turnover increased from £27.5m to £44.4m
- Profits increased 98% to £10.5m
- True Potential Investments, our investment management firm, grew profits 184% to £6.8m
- The True Potential Wealth Platform has over £3bn of assets under management, an increase of £1bn in 2014
What’s behind these numbers?
These results have been driven in part by the success of impulseSave®, our world-first technology that enables savers to add as little as £1 to their own investments as they work towards their financial goals.
It is the first UK service that allows micro-payments to be transferred directly into investments at the touch of a button – and figures suggest it has helped to transform thousands of spenders into savers.
The product was launched in March 2014 and has facilitated the investment of more than £8m worth of funds, with over a third of transactions under £10.
The group continues to work with close to 20% of UK financial advisers and latest figures show that True Potential Adviser Services firms had £67bn worth of assets at the end of 2014.
The Future is Here
We’ve called our annual report `The Future is Here’ because we believe the title sums up our mission to revolutionise to wealth management. True Potential is built for the future, but our approach is paying dividends today.