Key figures for the year ended December 2024: 

• Assets Under Administration: £9.2bn
• Adjusted EBITDA: £10m
• Revenue: £39.2m

Wealthtime, the adviser platform business, continues to build assets under administration (AUA) as it sets about transforming the platform to adapt to evolving investor, adviser and regulatory needs, and support ambitious future growth. In its financial results for the year to 31 December 2024, Wealthtime reported a 4% increase in AUA from £8.9bn to £9.2bn, despite challenging markets.

The results also highlight adjusted EBITDA*, which records operating profit with non-recurring and non-trading items excluded to provide a clearer measure of business performance, of £10m, and revenue of £39.2m. The business is now well positioned for growth as it embarks on a long-term strategic partnership with Wipro to transform how it operates.

Patrick Mill, CEO of the Wealthtime Group, says: “This year’s results are in line with expectations as we focus on transforming our platform for future growth. Platform businesses are under pressure to balance the evolving needs of investors and advisers alongside fragmented technology, manual processes, increasing regulation and remaining commercially sustainable. Through our partnership with Wipro, including the strengthened relationship with GBST, we’re creating a unique model in the platform market that positions us for continued growth, while delivering a service that achieves the best outcomes for advisers and their clients.

“With our operations and technology functions now transferred to Wipro through a TUPE process, we’re ready to press ahead the next stage of our platform evolution programme. We’re fundamentally reshaping our offering with a customer-centric approach that integrates technology, innovation, service excellence, and regulatory compliance, delivering meaningful benefits for advisers and clients over the short, medium and long term.”

-ENDS-

* EBITDA = Earnings Before Interest, Taxes, Depreciation, and Amortisation

Notes to Editors:

Press contact

Jenette Greenwood, PR Director, the lang cat

07710 392303 / jenette@langcatfinancial.com

About Wealthtime

Private equity firm AnaCap Financial Partners owns Wealthtime and Wealthtime Classic. Combined, the platforms have over £11.9bn of pension and investment assets under administration (AUA) and over 74,000 clients (as of Dec 2024).