Count Financial lifts FUA even before simpler super
Accountancy-based dealer group Count Financial has grown funds in its recommended platform by 26 per cent, equating to $1.36 billion over the past 12 months, according to the company’s quarterly business report released today.
What is important about the growth in funds is that it has occurred without any discernible flow-through effect from the Government’s ‘simpler superannuation’ changes, and particularly the $1 million undeducted contribution available until June 30, 2007.
Count reported that funds under advice excluding direct property but including direct shares grew by 21 per cent during the 12 month period to total $12.99 billion, with combined funds and loans under advice rising 22 per cent to $15.52 billion.
The Count announcement said there was no expected exposure to the Fincorp collapse in circumstances where the products and projects of the Fincorp Group had never been included on Count’s approved products list.
AUTHOR
Mike Taylor
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