UK-based True Potential (TP) has unveiled a new network model for advisers, called True Potential Associate Partners.
The new proposition will operate alongside the firm’s distribution channels including advisory unit True Potential Wealth Management, support services unit True Potential Adviser Services as well as platform (TP Investments).
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True Potential Associate Partners is now in the process of authorising ten members and is seeking to add 250 more restricted advisers next year.
True Potential said that the new network model has been created based on the group’s in-house developed comprehensive technology.
Additionally, True Potential has also launched a direct to consumer (D2C) investment offering, called True Potential Investor.
True Potential Investor will enable clients with an investment of £50 to access diversified risk-rated funds directly as well as offers a range of funds from managers such as Close Brothers Asset Management, Schroders and Seven Investment Management.
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By GlobalDataFurthermore, the new platform will provide self-service top-ups via the group’s new D2C top-up feature ImpulseSave that was launched on the TP platform.
Daniel Harrison senior partner True Potential said: True Potential Investor will complement the existing advice market as the more frequently a client encounters a product, for example an ISA, the more confident they will become in exploring other more complex financial solutions that require professional advice."
Earl Glasgow, managing partner at True Potential Wealth Management, said: "True Potential Wealth Management has increased the number of wealth partners by 300% in the last twelve months, making substantial profits for the business."
