Vertically-integrated wealth management group True Potential has reported a £1bn increase in assets on its platform in 2014, helping group profits almost double to more than £10m.
The company, which consists of an advisory proposition, platform and support services company, saw group net profits increase by 98% in the year to December 2014, from £5.3m to £10.5m. Turnover increased 60% to £44.4m. It reported its platform, True Potential Investments (TPI), generated a three-fold increase in net profits to £5.4m, with assets under management growing by £1bn to £3bn. Managing partner David Harrison credited the firm's vertically integrated business model and its platform with the overall positive performance. The firm has 440 advisers across its national advice ...
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