We are pleased to share our results for the first half of 2014 with you today. It’s been an exciting year for True Potential, including the launch of True Potential Investor. Although the service only launched in March, we’re already proving a popular choice for people looking to reach their financial goals.
The results are for the whole True Potential group of companies, which includes True Potential Investments, True Potential Wealth Management, True Potential Associate Partners and True Potential Adviser Services.
Group turnover increased to £20.8m in the first half of 2014, a rise of 87% against the same period in 2013. From January to June 2014, the group delivered a pre-tax profit of £4.9m, a 104% increase on the first half of 2013. These fantastic results confirm True Potential as one of the fastest-growing technology and financial services companies in the UK.
We’ve launched some exciting new products and services in the first half of 2014. Our proudest achievement was impulseSave®, a first-of-its-kind technology that allows savers to add as little as £1 to their investments. With the touch of a button on our website or mobile apps, you can now close the gap to your financial goal. We think it’s an important step in our mission to change the way the UK saves – from impulse spending to impulse saving.
As well as launching impulseSave® to the public, we made the technology available to our Wealth Platform advisers and their clients. With one in five financial advisers using True Potential technology, we’re confident impulseSave® will make a real difference.
Of course, we also unveiled True Potential Investor this year. Since March, we’ve helped our clients create financial goals that mean something to them. We’re proud to be helping our clients work towards their personal goals, whether that’s saving for retirement or buying their first home.
With six months left of 2014, we’re excited about our future too. We’re always working to improve our technology and enhance our offering. If you’d like to learn more about these results, you can read our full press release.
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