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Showing 51 - 60 of 103 results for "Recurring Revenue"

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 ...

Lonsec to sell 37% stake to Generation

KANIKA SOOD  |  THURSDAY, 17 SEP 2020
... for future growth supported by strong industry and regulatory tailwinds and will provide access to resilient recurring revenue streams from its core research offering. The Lonsec investment is expected to be immediately accretive to our earnings," he ...

AMP does not treat advisers fairly: Poll

ELIZABETH MCARTHUR  |  TUESDAY, 1 SEP 2020
... acknowledged the situation is complicated, choosing not to cast a vote either way. AMP cut BOLR valuations from 4x recurring revenue to a maximum of 2.5x last year. In July, a class action was filed against AMP by its own advisers over the reduction ...

Class announces $4.2m acquisition

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
... year results reporting a 15% increase to its operating revenue and other income of $44.1 million. Annualised recurring revenue was up 22% to $46.8 million as at June 30, and EBITDA was up 1% to $18.2 million. Class declared a final, fully franked, dividend ...

Advisers file class action against AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUL 2020
... Buyer of Last Resort valuations last year. Almost one year on from the news BOLR valuations would be cut from 4x recurring revenue to a maximum of 2.5x, Corrs Chambers Westgarth filed an open class action against the wealth giant in the Federal Court ...

Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... showed the valuation gap between high-quality practices and conventional businesses had moved from 0.5 times recurring revenue to 1.5 time recurring revenue. A conventional business is defined as one which holds up to 20% grandfathered clients on its ...

YBR exits wealth, sells for $2.5 million

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... entering into a sale agreement for a sum of approximately $2.5 million. YBR Wealth's share of rights to the recurring revenue streams derived from its wealth advice and life insurance distribution businesses has been sold to Interprac, a wholly owned ...