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Showing 51 - 60 of 99 results for "Recurring Revenue"

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 ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... historic BOLR agreements, specifically targeting those advisers with contracts entitling them to a multiple of 4x recurring revenue. According to numerous sources, AMP was and continues to investigate these firms with the aim of uncovering past compliance ...

AMP advice lead rejects AMPFPA claims

JAMIE WILLIAMSON  |  MONDAY, 19 AUG 2019
... of the group's Buyer of Last Resort mechanism will change, with advisers previously in line to receive 4x recurring revenue for their practices upon retirement to now receive a multiple consistent with current market conditions. In response, the ...

AMP advisers to fight BOLR changes

JAMIE WILLIAMSON  |  MONDAY, 12 AUG 2019
... ampfpa chief executive Neil Macdonald said. "AMP has done neither," he said. "Advisers had to pay four times recurring revenue to buy into the right to service an AMP client book. That was the price set by AMP. It was never a market value." Macdonald ...

Advisers to bear brunt of AMP failings

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2019
... historic BOLR agreements, specifically targeting those advisers with contracts entitling them to a multiple of 4x recurring revenue. According to numerous sources, AMP has been investigating these firms with the aim of uncovering past compliance indiscretions. ...