WT Financial reports 1H23 earnings boost
The financial services firm has posted a 55% increase in operating profit after 'streamlining and integrating' its acquisition strategy.
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The financial services firm has posted a 55% increase in operating profit after 'streamlining and integrating' its acquisition strategy.
Picking the right licensee can make or break an advice practice, so it’s important to consider the costs and benefits when choosing a licensee. It’s not just about the price but also the people, services and alignment with your practice.
WT Financial Group (WTL) EBITDA jumped to $3.92 million for FY22 from just $36,000 in FY21, driven by its recent acquisitions.
WT Financial Group’s indicative results have demonstrated the “success” of its acquisition of Synchron. Back in March, WT Financial (WTL) signalled it would become the new wealth giant, with
WT Financial Group’s acquisition of Synchron and Sentry Group has created over $100 million in revenue in FY22. Synchron contributed around a third of the total despite only being in the company 10 weeks of the financial year.