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Showing 11 - 20 of 21 results for "John Birt"

Limited AFSLs like "part-time surgeons"

ALEX BURKE  |  THURSDAY, 14 JAN 2016
Accountants with limited Australian financial services licences are like "part-time surgeons," according to John Birt, principal of advice M&A broker Radar Results. Birt branded limited AFS licenses "dangerous" and argued that in order for accountants ...

New FoFA likely to increase advice costs

LAURA MILLAN  |  FRIDAY, 5 DEC 2014
... failed to achieve its objectives and will drive more financial planners to leave the industry," Radar Results principal John Birt said. Radar Results reported that 348 comments were lodged by advisers as part of the survey. "Unlike the 800-plus comments ...

FoFA boosts advice business valuation

LAURA MILLAN  |  THURSDAY, 21 NOV 2013
... "Concerns around FoFA have not lowered valuation multiples and in some states they have increased," Radar Results principal John Birt said. "Earnings before interest and tax (EBIT) multiples have remained steady since FoFA was introduced and can vary ...

Accounting and advice practices likely to increase mergers

LAURA MILLAN  |  WEDNESDAY, 11 SEP 2013
... practices. "The accounting industry's foray into the planning industry is really only just starting," Radar Results principal John Birt predicted. "The accounting industry will fully embrace financial planners, taking over and merging with many financial ...

FoFA could lock advisers into licensees for life

LAURA MILLAN  |  FRIDAY, 26 JUL 2013
... of the legislation, particularly if they can be sold only within their own licensee group," Radar Results principal John Birt said. "In some boutique licensee groups where there's only a handful of authorised representatives, there may be no buyers at ...

Buyer's market for planning businesses: Radar Results

BEN COLLINS  |  TUESDAY, 3 JUL 2012
... months, financial planners can now borrow at rates as low as 7% pa to fund the acquisitions, said Radar Results founder John Birt. "Many banks today have moved back into this field of lending - the most prominent being ANZ, NAB and St George - allowing ...

Practices valued at doubled RR: survey

ELISE BURGESS  |  TUESDAY, 3 APR 2012
... the value with 39% of those surveyed agreeing the most popular recurring revenue amount was between $100,000-$250,000. John Birt, founder of Radar Results, said the recurring revenue system of valuing financial planning practices will eventually disappear ...

Financial planners reluctant to sell up despite uncertain times

CLAIRE MCGREAL  |  FRIDAY, 7 OCT 2011
... conditions]. You'd think that many financial planners would want to exit the industry," said founder of Radar Results John Birt. The consultancy firm maintained that many advisers are waiting on the sidelines until the markets improve and Future of Financial ...

Planning pracs down 10pc value

ELISE BURGESS  |  TUESDAY, 17 MAY 2011
... since the FOFA announcement, equal to a reduction of approximately 10 per cent of a practice's value. In short, said John Birt, principal of Radar results, that ten per cent is a direct hit on profit. "Over the past 2 weeks, as a consequence of the recent ...

Planners struggle to sell practices as values fall

ALISON BEVEGE  |  TUESDAY, 12 APR 2011
... over the Future of Financial Advice (FOFA) reforms was causing both sellers and buyers to sit on the sidelines, said John Birt, principal of Radar Results. "There are a lot of buyers out there not looking at buying because of the FoFA changes, but sellers ...