Count buys more of DKN
Accountancy-based dealer group Count Financial has lifted its stake in competitor dealer group DKN Financial.
Count has informed the Australian Securities Exchange (ASX) that it has lifted its stake from the original 5 per cent purchased more than two weeks ago to 7.1 per cent.
The purchase of the further shareholding came after DKN reported a solid result for the six months to the end of December, increasing its profit by 25 per cent over the previous corresponding period.
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.