True Potential profits up 56% for half year 2013

The group's pre-tax profit was £2.5m for the group in the first-half of 2013, up 56% from first-half 2012. Group turnover for the period was £12m, up 145% year on year when it was £4.9m and assets on the wealth management platform were up 250% to £1.4bn. True Potential senior partner Neil Johnson said the results can be attributed to "the firm's adviser-friendly approach, post-the Retail Distribution Review (RDR), and the integrated nature of their service proposition". He said: "RDR has presented a huge challenge to our industry, but it was a challenge we were prepared for. "We...