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Showing 1 - 10 of 100+ results for "Countplus"

CountPlus takes stake in firm

ANNABELLE DICKSON  |  WEDNESDAY, 1 SEP 2021
... The ASX-listed advice and accounting group is acquiring a 49% shareholding in an accounting firm based in Victoria. CountPlus will pay a total of $2.8 million for Southern Cross Business Holdings (SCBA) made up of an initial payment of $2.2 million which ...

CountPlus profit plummets

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
... business. Regulatory reform, namely the FASEA exam, also impacted the business however, the biggest impact came from CountPlus changing to a 'clean' user-pays model without any grandfathered revenue. Statutory EBITDA was down 28% to $2.08 million while ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... away at the bottom line. In releasing its FY21 results this morning, CBA's provisional remediation bill owed to CountPlus has climbed to $260 million. "Remediation amounts will not be known until individual cases have been reviewed and compensation ...

New AIA advice unit names chief executive

KARREN VERGARA  |  FRIDAY, 30 JUL 2021
... advice offering. The bank has gradually withdrawn from the advice sector since 2019 when it offloaded Count Financial to CountPlus and terminated Financial Wisdom. AIA Financial Wellbeing will operate under a separate AFSL to AIA Australia, offering ...

CountPlus firm finalises acquisition

ANNABELLE DICKSON  |  THURSDAY, 15 JUL 2021
CountPlus member firm Unite Advisory has finalised the terms to acquire and merge with Coffs Harbour based advisory firm Bentley Brett & Vincent. The transaction includes an initial payment of $1.45 million and deferred payments over two years with ...

Stonehouse acquires risk advice firm

KARREN VERGARA  |  MONDAY, 28 JUN 2021
... a partner at Sydney-based Stonehouse. GJO Financial Services was part of Total Financial Solutions, a subsidiary of Countplus, between 2012 and February 2020. It moved licensees, operating under Lifespan FInancial Planning until this month when Owen ...

CountPlus acquisitions boost revenue by $9.4m

KARREN VERGARA  |  THURSDAY, 24 JUN 2021
The 11 financial advice and accounting firms CountPlus has acquired this financial year are anticipated to bring in $9.4 million in revenue. In an operational update to the ASX, CountPlus managing director and chief executive Matthew Rowe said the group ...

CountPlus acquires tech solution

ELIZABETH MCARTHUR  |  MONDAY, 31 MAY 2021
CountPlus announced a 51% investment in a paraplanning and administration service. The listed dealer group has acquired the majority stake in Wealth Axis, which is a boutique provider of paraplanning, technology and administration support services to ...

CBA adds $32m to advice remediation bill

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... for dodgy financial advisers who were part of its former subsidiary Count Financial. CBA sold off Count Financial to CountPlus in mid-2019. At the time, CBA provided $200 million in indemnity to CountPlus. CBA this morning announced the indemnity bill ...

CountPlus firm finalises merger

ANNABELLE DICKSON  |  THURSDAY, 6 MAY 2021
... 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 in exchange for shares in 4Front. The new firm is expected to double revenue to ...
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