Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 99 results for "Recurring Revenue"

Radar Results hires Queensland manager

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
... valuation gap between high-quality financial advice practices and conventional businesses has moved from 0.5 times recurring revenue to 1.5 times recurring revenue. In the past, the gap has been about 0.5 times recurring revenue. However, over the past ...

Centuria acquires fund manager

HARRISON WORLEY  |  TUESDAY, 21 MAY 2019
Centuria Capital is expanding its remit, acquiring more than 63% of a specialist fund manager and launching a new entity. The investment manager has poured more than $24 million into specialist healthcare property fund manager Heathley Limited and its ...

Advice practice supply outweighs demand

JAMIE WILLIAMSON  |  MONDAY, 13 MAY 2019
... Results show the valuation gap between high-quality practices and conventional businesses has moved from 0.5 times recurring revenue to 1.5 times recurring revenue. Traditionally, the gap has been about 0.5 times recurring revenue. However, over the ...

Royal Commission sparks risk book sell-off

JAMIE WILLIAMSON  |  FRIDAY, 14 DEC 2018
... commissions," Radar Results said. Prices paid for these risk books have differed, moving between two and three times recurring revenue. For large scale risk advice businesses, those with between $1 million and $3 million on their books can command far ...

More risk advisers offloading practices

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... prices now offered," he added. For example, revenue stemming from risk clients under 55-years-old now have a recurring revenue multiple of 2.5 times to 3.2 times, down from 3.5x. Investment and superannuation clients aged 80 years old have a recurring ...

IRESS first half revenues up 8pct, wealth and lending lead

KANIKA SOOD  |  THURSDAY, 23 AUG 2018
... profit on pcp is especially pleasing, and demonstrates strong underlying growth," he said. "Cash conversion and recurring revenue are strong financial characteristics of IRESS' business and our balance sheet remains conservative, as shown by our leverage ...

YBR offloads legacy wealth subsidiary

JAMIE WILLIAMSON  |  TUESDAY, 26 JUN 2018
Yellow Brick Road is selling its wholly-owned investment services business. YBR announced that Yellow Brick Road Investment Services has entered into a book sale and purchase agreement with INPRO Australia. The transaction will see INPRO senior financial ...

Centuria flags acquisition strategies

KARREN VERGARA  |  MONDAY, 12 MAR 2018
Listed property fund manager Centuria signalled it's open to acquisition and partnership opportunities, which it is actively discussing with a major shareholder. The investment manager, with $4.6 billion in funds under management, told shareholders ...

Decimal appoints chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 MAR 2018
... securing a number of commercial agreements of late that will contribute significantly to the company's annual recurring revenue. These include the key super fund contracts Decimal announced recently, including QSuper and Statewide Super. It also announced ...

Decimal announces key super fund contracts

DARREN SNYDER  |  TUESDAY, 27 FEB 2018
... contract takes effect from February 2018," a Decimal ASX statement said. The news increases Decimal's annual recurring revenue to $898,130 per annum, up 26% from $668,130 pa in 2017. It also follows IFM Investors increasing its stake in Decimal to 15% ...