Wealth Today reaches new financial milestone

Financial services company Wealth Today has released its latest figures at a shareholders meeting in Perth.

The group, which provides referral solutions for mortgage brokers, accountants and financial planners, announced 71 per cent annualised growth in funds under management and 49.9 per cent growth in insurance premiums this financial year.

“We’ve cracked the code on what it takes to enable mortgage brokers and accountants to seamlessly provide clients appropriate, tailored financial advice in addition to their original services,” Wealth Today managing director Greg Pennells said.

“Our turnkey solutions make it simple and effective and the numbers illustrate the success of our members,” Mr Pennells said.

The company now has $109 million dollars under management and $6.4m in insurance premiums.

“I’m hearing from brokers and accountants every day, looking for a way to expand their business into financial services but having no spare time to do it,” Wealth Today’s head of new business and member resources Julian Musgrave said.

“It’s very satisfying to be able to show them what our members are doing and how,” Mr Musgrave said.

The popularity of SMSFs had led to increased interest from accountants in recent months.

“There has been a definite pick-up in interest, particularly around SMSFs, which are an interest point for an accountant,” Mr Musgrave said.

“We were initially focusing solely on mortgage brokers, but in the last couple of months we have been starting to move into the accounting profession,” he said.

Wealth Today provides mortgage brokers and accountants with either a referral network, training to become a financial planner themselves, or joint venture opportunities.

 

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