WTL & MWP INVESTCO JOINT-VENTURE UPDATE
Stock | WT Financial Group Ltd (WTL.ASX) |
---|---|
Release Time | 7 Aug 2025, 9:18 a.m. |
Price Sensitive | Yes |
WT Financial Group Announces Joint-Venture Update
- Incorporation of first 'Hubco' - Titan Advice Group
- Acquisition of Rushby Financial by Titan Advice Group
- Establishment of second 'Hubco' - Hubco2
WT Financial Group Limited (ASX: WTL) has provided a market update on the investment activity of WTL & MWP Investco Pty Ltd ('Investco'), the Company's 50/50 joint venture with Merchant Wealth Partners Pty Ltd ('Merchant'). Investco's first 'Hubco', previously referred to as 'Hubco1', has now been incorporated as Titan Advice Group Pty Ltd ('TAG'). TAG brings together Titan Financial Planning, Darwin Financial & Retirement Services, and Wealth Connect Financial Services as 100%-owned subsidiaries under a scalable corporatised structure. TAG has also executed a Heads of Agreement to acquire 100% of Queensland-based financial advice firm Rushby Financial Pty Ltd at a valuation of $2.8M. Investco has also executed a Heads of Agreement to establish its second Hubco ('Hubco2'), with Select Advice Group Pty Ltd and Newleaf Tailored Financial Solutions to be 100% acquired by Hubco2 as foundation practices. These partnerships represent landmark steps for Investco, underscoring WTL's position at the centre of a high-growth investment platform and reflecting the Company's ability to identify and originate high-quality opportunities and help oversee their integration.
No high-importance, price-sensitive forward-looking financial metrics provided.
The strength of WTL's model is in partnering with ambitious advice practices, providing them with patient capital in partnership with world-leader Merchant Wealth, and supporting them to grow and corporatise without sacrificing their entrepreneurial character. WTL believes this powerful combination will deliver exceptional long-term value creation for both the practices it partners with and its shareholders.