The latest update is out from WT Financial Group Ltd. ( (AU:WTL) ).
WT Financial Group Limited has announced a 50/50 joint venture with Merchant Wealth Partners to establish WTL & MWP Investco Pty Ltd, aiming to invest in and corporatise Australian financial advice practices. This venture seeks to provide long-term growth capital and support to high-potential practices, promoting innovation and expansion while maintaining entrepreneurial autonomy. The initiative is expected to drive the corporatisation of the financial advice profession in Australia, offering strategic and operational backing to practices within and potentially outside WTL’s networks.
More about WT Financial Group Ltd.
WT Financial Group Limited is one of Australia’s largest financial adviser networks, focusing on providing strategic growth capital to financial advice practices. The company operates within the financial services industry, offering support to financial advice entrepreneurs and practices within its networks such as Wealth Today, Sentry Advice, Synchron Advice, and Millennium3.
YTD Price Performance: 36.36%
Average Trading Volume: 174,302
Technical Sentiment Signal: Sell
Current Market Cap: A$41.06M
Find detailed analytics on WTL stock on TipRanks’ Stock Analysis page.