True Potential has recorded group turnover of £406.5m in its sixteenth consecutive year of growth, its results for 2023 show.
The wealth management group's turnover increased by 20%, rising from £337.9m to £406.5m. The group has recorded a compound annual growth rate of 41% since inception. Its group earnings before interest, taxes, depreciation, and amortisation also increased by 24% from £176.2m to £220.2m. Meanwhile, by the end of 2023, £28bn was invested on the True Potential platform and has since topped £30bn. True Potential attributed part of this growth to a 97% client retention rate as well as its commitment to tackling the advice gap. "For 16 consecutive years, True Potential has remained ste...
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