In 2024, Manx Financial Group (MFG) profit before tax rose by an impressive 41% to £9.9 million up from £7.0 million the previous year. Edgewater, the Isle of Man’s largest independent financial advisory firm and a key subsidiary of Manx Financial Group PLC, has reported a strong financial performance for the year ended 31 December 2024, marking a significant turnaround following its strategic restructure in 2023.
Strategic Focus and Growth
Edgewater’s transformation has been driven by a renewed focus on operational excellence, client service, and cost discipline. The restructure has enabled the business to streamline operations without compromising the high standards of financial advice it provides.
Douglas Grant, Group CEO of Manx Financial Group PLC, commented:
“Edgewater’s performance is a testament to the strength of our strategic vision and the dedication of the team. The turnaround not only reflects financial discipline but also our commitment to delivering value to clients and shareholders alike.”
Richard Taylor, Managing Director of Edgewater Associates Limited, commented.
“I echo Douglas’s comments, recognising that a significant stride forward was made to return the business to an acceptable level of profitability. I’m excited about Edgewater’s future and I am looking forward to delivering the next phase of progress.”
Looking Ahead
Edgewater Associates is the Isle of Man’s largest independent financial advisory firm, offering expert advice across pensions, investments, protection, and general insurance. As part of Manx Financial Group PLC, Edgewater is committed to helping clients achieve financial wellbeing through personalised solutions and trusted relationships.
Read the 2024 Annual Financial Statement from Manx Financial Group.