We are delighted to announce the latest financial results for the True Potential group of companies, with a significant rise in turnover and profits for the first half of 2013.
Our group turnover has increased to £12m in the first half of 2013 – a rise of 145 per cent against the same period in 2012 (£4.9m). January-June has delivered £2.5m pre-tax profit for the group, a 56 per cent increase on H1 2012.
The six-month figures represent a huge increase on the numbers for the first half of 2012, with senior partners at the firm predicting ‘considerable further growth’ in remainder of 2013.
We believe these results can be attributed our adviser-friendly approach, post-RDR, and the integrated nature of our proposition.
RDR has presented a huge challenge to our industry, but it was a challenge we were prepared for and we are delighted to be able to post such impressive year-to-date results.
We are absolutely focused on developing innovative ways of enabling IFAs to provide the best advice and service they can to their clients – and this has proved a successful approach as many displaced bank advisers have joined our True Potential Wealth Management advisory business in the past quarter.
The amount of assets on the True Potential Wealth Platform now stands at £1.4bn, an increase of 250 per cent (£1bn) since 2012.