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Showing 41 - 50 of 99 results for "Recurring Revenue"

Interprac grows advice network

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
... continue to receive advice and support from the group, he added. Sequoia expects to generate $500,000 in annual recurring revenue from the acquisitions of the two firms and add $300,000 per annum to its earnings. Former financial adviser David Horton ...

CountPlus firm finalises merger

ANNABELLE DICKSON  |  THURSDAY, 6 MAY 2021
One of the ASX-listed advice and accounting group's member firms has acquired an accounting and superannuation specialist. Cooper Reeves and 4Front Holdings have merged and will now be rebranded to 4Front. CountPlus will sell its Cooper Reeves shares ...

CountPlus member firm to make acquisition

ANNABELLE DICKSON  |  TUESDAY, 27 APR 2021
The ASX-listed advice and accounting group has announced its member firm Kidmans Partners Wealth is acquiring the financial advice services of another member firm. Kidmans will pay $290,000 to Colgin Financial Services with $150,000 paid on completion ...

Centuria acquires stake in Bass Capital

KANIKA SOOD  |  THURSDAY, 22 APR 2021
Centuria Capital Group will pay $24 million for a 50% stake in the real estate debt manager, founded five years ago by former UBS and Wingate investors. Bass Capital has about 300 high-net-worth investor clients and provides real estate secured non-bank ...

Multiples paid for client books dip

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
... March 2021 price guide, highlighting a downward trend in the earning capacity for super and investment advice. Recurring revenue multiples for investment and super clients (aged 80 years and over) declined to 0.8x-1x from 1x-1.2x compared to September ...

Wealth group makes acquisition

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
... retention payment due in two years and worth $1.2 million. It is expected to contribute up to $3 million in annual recurring revenue and is expected to be completed by 1 April 2021. Kelly Partners Central Coast will acquire the full fee base from the ...

Iress names chair, profit slides

ANNABELLE DICKSON  |  THURSDAY, 18 FEB 2021
... in the years ahead," he said. In addition, Iress reported a 9% drop in statutory profit to $59.1 million with recurring revenue increasing by 8% and accounting for 90% of total revenue at $542.6 million in its full-year results. Segment profit, which ...

Iress delivers on advice, super

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
... Iress chief executive Andrew Walsh said Iress delivered a consistent performance in Q3 and the strength of its recurring revenue model has been clearly demonstrated. "I am proud of the way the team has continued to perform, while mostly working from ...

CountPlus member firm makes acquisition

ANNABELLE DICKSON  |  THURSDAY, 1 OCT 2020
CountPlus has continued its goal to generate scale with one of its member firms completing a tuck-in acquisition of a separate member firm. Brisbane-based Cooper Reeves has acquired the financial advice services of CBD Wealth Solutions. Key members ...

CountPlus firm makes acquisition

KARREN VERGARA  |  THURSDAY, 17 SEP 2020
A CountPlus member firm has acquired the accounting revenues of a boutique advice firm. ASX-listed CountPlus's subsidiary AdviceCo will pay $400,000 for accounting revenues of Arch Capital, a boutique wealth advisory firm offering SMSF, tax, accounting ...