WT Financial acquires 70% stake in TNT Advisor Solutions
- WT Financial Group executed a binding agreement to acquire a 70% majority stake in onshore paraplanning provider TNT Advisor Solutions.
- The founders and leadership team of TNT Advisor Solutions will retain the remaining 30% equity interest in the target business.
- The acquisition aligns with the broader strategy of building a supporting operational ecosystem for privately owned advice practices.
WT Financial Group (ASX:WTL) executed a binding agreement to acquire a 70% interest in paraplanning provider TNT Advisor Solutions.
The transaction reflects an evolving industry focus on expanding outsourced capabilities as advice practices seek operational scale without increasing fixed internal overhead.
"Our job is not to take that away; it is to give them access to resources and opportunities that become possible through greater scale," said WT Financial Group Managing Director Keith Cullen.
Under the terms of the deal, founders Tamara Morey and Tanya Higgins alongside CEO Dela Dzadey will retain a collective 30% stake and continue leading the operations.
The agreement reinforces the company's focus on expanding service offerings to independent financial advisers across the region.
Following the announcement, the WT Financial Group share price was unchanged at $0.18.
WT Financial Group provides financial advice networks, licensing, and operational support infrastructure to financial planning practices throughout Australia.
The company has expanded its market footprint in recent years through targeted acquisitions of adviser network groups and corporate financial advice providers.
