The 8th Wonder
The previous CEO in FY 2022 had already implemented a revenue diversification strategy through additional product offerings.
"... the Board further refined its growth strategy to transition Selfwealthaway from a ‘cheap’ ASX trading platform to a leading retail wealth managementplatform."
The new CEO has given ZERO announcements on strategy or any indication of a change to future product offerings. Whilst he has indicated that they intend to keep low cost brokerage, nothing to date has indicated that they have abandoned developing its advisor platform that was in place on day 1 of SWF's listing on the ASX and that the previous board and management had implemented- growing wealth management.
Clearly, my assumptions could be wrong. I just have not seen any announcement on plans/ goals/ strategy/ tactics/ changes that the new board and CEO bring to SWF's future.
Ann: Notification of cessation of securities - SWF, page-41
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