Countplus

Financial planning

CountPlus invests in Victorian accounting firm

CountPlus has announced an acquisition of 49% shareholding accounting firm Southern Cross Business Advisers for $2.79 million, under the ‘owner, driver – partner’ model....

Financial planning

Countplus NPAT down 3%

The cessation of grandfathered rebate revenue has driven down the group’s adjusted net profit after tax to $7.444 million for FY21....

Financial planning

Count Financial ups incentives to attract quality advisers

Count Financial is offering fee discounts of $10,000-$15,000 per adviser to compete against rivals in recruitment as adviser departures weigh on its financial year result...

Financial planning

CountPlus member firm to acquire and merge

Bentley Brett and Vincent will merge and be acquired by CountPlus member firm Unite Advisory for a total purchase consideration of $1.7 million....

Financial planning

Growth mindset neglected by advice firms

The biggest challenge facing the advice industry is getting out of the ‘siege mentality’ brought on by reforms and failing to look towards growth, an advisory firm believ...

Financial planning

Advisers at risk under licensees with fees cheaper than Dover

Licensees that have a cheap licencing offering are likely to be committing regulatory arbitrage which potentially puts advisers and consumers at risk, according to CountP...

Financial planning

Half of Count Financial advisers have left CountPlus since acquisition

Approximately half of the advisers CountPlus had acquired from Count Financial have left, while 85% have completed the FASEA exam....

Financial planning

CountPlus makes 51% investment in paraplanning firm

CountPlus Limited has announced a 51% investment in boutique provider of paraplanning, technology and administration support services, Wealth Axis. ...

Financial planning

CBA increases Count Financial remediation indemnity by $32 million

Fee for no service and inappropriate advice issues are continuing to dog the Commonwealth Bank even though it has substantially exited financial planning....

Funds management

The wealth manager enacting a turnaround to see 230% returns

In a period of regulatory change and market volatility, one wealth manager is leading the charge in share price performance after a difficult few years....

Financial planning

Countplus drives accounting merger

Countplus has further leveraged its Owner/Driver strategy to deliver increased scale via the merger of two of its member accounting firms....

Financial planning

Removal of grandfathering and rebates was ‘overdue’

CountPlus boss, Matthew Rowe, has forewarned shareholders to be ready to feel the revenue effects of the removal of grandfathering and product rebates but has claimed the...

Financial planning

CountPlus posts significant 65% profit growth

The firm’s ‘clean’ sustainable financial advice model and its client-centric accounting and advice helped improve profitability for the first half of FY2021. ...

Editorial

Govt needs to destress licensee balance sheets

If the Government wants the industry to pay for a compensation scheme of last resort then it needs to review and remove many other regulatory costs, starting with profess...

Financial planning

Should wholesale advice clients be treated differently under PI?

Wholesale clients should have the financial capability and knowledge necessary to rely on professional indemnity insurance rather than accessing the proposed new compensa...