The Bristol-based online investment service for high net worth investors, founded by former Hargreaves Lansdowne directors, is making record profits.
In the year to June 2022, Wealth Club’s EBITDA was £3.1m (+19%) on revenue of £7.6m (+25% QoQ).
This comes at a time when we have over 10,000 active clients and have now invested over £1 billion since our launch six years ago.
Over £320 million was invested through the platform in the most recent financial year. This is a 50% increase over the previous year.
The Wealth Club plans to launch a discretionary fund management service and a highly centralized equity portfolio and fund platform for late-stage private equity funds early next year.
Chief Executive Officer and Founder Alex Davis said, “The Wealth Club is a combination of a fast-growing but loss-making technology start-up and a solid financial position but pedestrian growth rate. It stands out in a world that seems to be polarized between companies.
“Wealth Club is unusual. It combines the rapid growth of a fintech start-up with the solid financials you would expect from a much more established company.”
Davies notes that annual recurring revenue has doubled over the past three years, adding: A tax efficient and exciting way to invest for their future.
“Next year, we will also be launching a discretionary management service for equities and funds. to.”
