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Showing 61 - 70 of 103 results for "Recurring Revenue"

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. ...

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 ...