2plan posts first-ever profit at £3m

The Openwork-owned business saw turnover hit a record £1.87m in May 2013, exceeding April's previous high of £1.73m. Year to date, turnover stands at £7.84m, almost 40% ahead of the equivalent period in 2012 when it totalled £5.65m. The strong performance comes as 2plan wealth management, which has around 300 advisers around the UK, has confirmed that it made a net profit of £3m in 2012, from turnover of £15m. In 2011, its turnover stood at £11.5m. The IFA firm said its strong control of overheads and continued investments in technology, including the development of bespoke softwar...