Investor Media
WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial advice firms.
Money Management
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The financial advice network has announced a $5.4 million underlying profit for FY2024–25, while its JV with Merchant Wealth Partners has made another investment.
IFA
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WT Financial Group has further leveraged its joint venture with Merchant Wealth Partners, launching a second vehicle to finance the acquisition of advice businesses.
Financial Newswire
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WT Financial has announced its second “Hubco” with a combined valuation of $7.8 million, while its first one has successfully incorporated and is now making its own acquisitions.
Money Management
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The joint venture between WT Financial (WTL) and Merchant Wealth – Investco – has announced a fresh acquisition and the establishment of its second “Hubco”.
Financial Standard
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Publicly-listed WT Financial Group has flagged what it is describing as a “strong” indicative full-year result entailing a 17.2% increase in gross profit to $21.1 million.
Financial Newswire
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Licensees do not have enough funding or manpower to close the advice gap on their own and it will need a whole system effort, a panel has heard.
Professional Planner
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The advice industry will lose the best part of 1000 advisers come 1 January 2026, WT Financial Group managing director Keith Cullen believes.
Professional Planner
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Financial services industry stakeholders have expressed optimism that the newly sworn in Assistant Treasurer and Financial Services Minister enters the role with a “balanced view on the opportunities and challenges the sector faces”.
IFA
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Behavioural science has given us powerful tools to guide consumer decisions – tools that, in the right context, can help people make better choices. But when wielded by institutions with commercial interests, these tools can just as easily become instruments of manipulation.
IFA
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Licensees don’t expect the replacement of Statements of Advice with Client Advice Records will make a material difference and are split on whether the draft legislation is a positive step forward.
Professional Planner
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Merchant Wealth’s David Haintz has described how the firm differs from the traditional private equity ventures jumping into Australia, and why M&A isn’t like Married at First Sight.
Money Management
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The joint venture between the advice network and equity firm will invest $3.5 million in a three-firm merger.
IFA
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Just days after announcing its joint venture with private equity player, Merchant Wealth Partners, WT Financial has executive a heads of agreement brining together Titan Financial Planning, Darwin Financial & Retirement Services and Wealth Connect.
Financial Newswire
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WT Financial’s new entity with Merchant Wealth Partners, Investco, has entered into a heads of agreement to merge three financial advice firms.
Money Management
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Three WT Financial Group-licensed practices will merge with capital backing from the new joint venture with Merchant Capital Partners.
Professional Planner
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WT Financial Group (WTL) is consolidating three financial advice practices – Titan Financial Planning, Darwin Financial Services and Wealth Connect Financial Services – after announcing its joint venture with Merchant Wealth Partners this week.
Financial Standard
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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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Financial Standard reports on Keith Cullen’s appointment as managing director of Investco, a joint venture between WT Financial Group and Merchant Wealth Partners. The entity plans to invest in “hub entities” (Hubcos), representing high-revenue practices or groups of practices.
Financial Standard
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Money Management reports on WT Financial Group’s joint venture with Merchant Wealth Partners, forming WTL & MWP Investco Pty Ltd to provide strategic growth capital to high-potential financial advice practices across Australia. The article also highlights the appointment of David Haintz as executive director, a seasoned leader with extensive experience in financial planning and advisory services.
Money Management
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Money Management covers WT Financial Group’s joint venture with Merchant Wealth Partners, launching WTL & MWP Investco Pty Ltd to provide strategic growth capital to high-potential financial advice practices across Australia, with Keith Cullen appointed as managing director.
Money Management
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IFA covers WT Financial Group’s new joint venture with Merchant, a New York-based capital investment firm, aimed at providing long-term investments to support the growth of entrepreneurial advice practices.
IFA
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In this episode of The ifa Show, host Keith Ford is joined by WT Financial Group’s Managing Director, Keith Cullen, to break down the government’s recent adviser education reform announcement. They discuss what these changes mean for the industry and why a pragmatic approach is essential in creating pathways to bring in new advisers.
IFA
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Money Management covers WT Financial Group Managing Director Keith Cullen’s remarks that the firm is focusing inward for its M&A strategy, aiming to help its practices become “bigger, better, and stronger.”
Money Management
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Financial Newswire provides coverage on WT Financial Group, which has flagged a strong half-year result, with a 33.5% increase in underlying revenue and a 35.8% rise in Net Profit Before Tax.
Financial Newswire
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Professional Planner reports that WT Financial Group CEO Keith Cullen attributes the firm’s expected 33.5% revenue increase to a focus on quality over quantity. Recently announced to the ASX, the group’s indicative 1H25 results show underlying revenue rising to $106.3 million, up from $79.6 million in the previous corresponding period.
Professional Planner
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Money Management reports that WT Financial Group Managing Director Keith Cullen believes “halcyon days” are ahead for financial advice, citing the supply-demand imbalance and the potential of artificial intelligence (AI) to enhance the profession.
Money Management
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Professional Planner reports on WT Financial Group’s full-year results, including the return to dividends for shareholders and the positive outlook for the future of financial advice.
Professional Planner
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Money Management provides coverage of WT Financial’s indicative results for the 2023–24 financial year, including the impact of the Millennium3 acquisition from Insignia Financial.
Money Management
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IFA reports on WTL’s full financial year results which show underlying profit before tax improving by more than 50 percent for the fourth consecutive year.
IFA
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Paul Sanger talks with Keith Cullen post the company’s acquisition of Millennium3 from Insignia Financial.
FNN
IFA reports on the WT Financial purchase of 100 per cent of the issued capital of Millennium3, with the deal set to be completed by mid-December.
IFA
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Money Management reports on WT Financial Group’s addition of Millennium3 and the associated 140 wealth and personal risk insurance advisers.
Money Management
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Keith Cullen discusses the key drivers of profitability, the effect of lower adviser numbers in the industry and opportunities moving forward following the release of the FY2023 full-year indicative results.
Finance News Network
Tim McGowen from FNN talks with Keith Cullen about the company’s results for the half-year to 31 December 2022 and the outlook for the full-year.
Finance News Network
WT Financial Group Limited (ASX:WTL) Founder and Managing Director Keith Cullen discusses financial highlights, 2023 guidance, the value of scale, the vision for financial advice and main shareholders.
Finance News Network
Tim McGowen from FNN talks with Keith Cullen about the company’s indicative results for the full year to 30 June 2022 following the company’s return to profitability post the successful integration of both Sentry Group and Synchron.
Finance News Network
David Scutt from ausbiz TV talks with WT Financial Group, Founder and Managing Director Keith Cullen on the acquisition of Synchron, the future of the company, and the outlook for the financial advice sector.
ausbiz TV
Tim McGowen from ShareCafe talks with WT Financial Group, Founder and Managing Director Keith Cullen post the company’s transformational acquisition of Synchron.
ShareCafe
The AFR’s Aleks Vickovich reports on how WT Financial Group will become Australia’s third-largest financial adviser and the largest not aligned to a bank.
AFR
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The Market Herald interviews Keith Cullen on the acquisition of Synchron.
The Market Herald
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Founder and Managing Director Keith Cullen talks with the Finance News Network post the company’s transformational acquisition of Synchron.
Finance News Network
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Professional Planner reports on WT Financial Group’s acquisition Synchron and its impact on the risk advice industry.
Professional Planner
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Money Management reports on WT Financial Group’s acquisition of Australia’s largest privately-owned financial adviser group, Synchron.
Money Management
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The combined group will boast more than 600 advisers and funds under advice in excess of $16 billion following the acquisition.
IFA
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Money Management
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The Market Herald
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Money Management
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ShareCafe
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Riskinfo