WT Financial Group and Merchant Wealth Partners are pleased to announce the execution of a heads of agreement through their 50/50 joint venture, WTL & MWP Investco Pty Ltd, to unite three leading financial advice firms.
WT Financial Group has entered into a 50/50 joint venture with Merchant Wealth Partners Pty Ltd, the Australian subsidiary of New York-based Merchant Wealth Partners, LLC, to invest in Australian financial advice practices.
WT Financial Group is pleased to release audit-reviewed results for H1 FY25, reflecting an improvement on previously announced indicative results, with the dividend confirmed.
WT Financial Group Limited has established itself as amongst the very largest financial adviser networks in Australia. Its wealth management, retirement planning and personal risk insurance advice services are delivered primarily through a group of around 400 privately-owned advice practices whose advisers operate as authorised representatives under its Wealth Today, Sentry Advice, Synchron Advice, and Millennium3 subsidiaries.
The Group’s B2C division delivers a range of financial advice services directly to wholesale and retail clients through its Spring Financial Group brand.
The Group’s Wealth Adviser division is the Company’s central services and support hub and also offers market-leading services and solutions to advisers and their clients outside of WTL’s subsidiary cohorts including through regular in-person and livestreamed seminar and professional development programs and the publication of a library of more than 100 financial literacy handbooks and manuals in both digital and printed formats.
IFA explores WT Financial Group’s evolving thinking on succession planning, with Keith Cullen highlighting the advantages of early mergers over the traditional practice sale model.
IFA
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Professional Planner covers WT Financial Group’s shift from a variable licensee fee structure to taking equity stakes in advice practices through a new joint venture with Merchant Wealth Partners.
Professional Planner
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Financial Newswire covers Merchant Wealth Partners’ entry into a joint venture with WT Financial Group, providing ‘patient capital’ to support the growth of financial advice businesses across Australia.
Financial Newswire
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