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Showing 1 - 10 of 15 results for "John Birt"

Multiples paid for client books dip

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
... 1.8x-2.3x. For clients aged 64 years old and younger, earnings also decreased 2.2x-2.7x from 2.3x-2.8x. Radar Results founder John Birt said financial advisers who have sold their clients and moved them off their AFSL can sell their AFSL, a process in ...

Practice valuations avoid COVID-19 hit

HARRISON WORLEY  |  THURSDAY, 14 MAY 2020
... with experts saying the pandemic has barely touched the market. Speaking with Financial Standard, Radar Results founder John Birt said COVID-19 is not impacting practice valuations or the market more broadly, though said some buyers are trying to use ...

Royal Commission sparks risk book sell-off

JAMIE WILLIAMSON  |  FRIDAY, 14 DEC 2018
... 94 individual practices that are looking to sell their business. In terms of supply and demand, Radar Results founder John Birt said the group currently represents about 300 buyers with additional consultants being brought on board to cater to the growing ...

More risk advisers offloading practices

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... to hurriedly sell their practices at discount prices, a merger and acquisitions expert says. Radar Results principal John Birt said there are more risk insurance businesses for sale in the market now than at any other time he can recall. The value of ...

Limited AFSLs like "part-time surgeons"

ALEX BURKE  |  THURSDAY, 14 JAN 2016
Accountants with limited Australian financial services licences are like "part-time surgeons," according to John Birt, principal of advice M&A broker Radar Results. Birt branded limited AFS licenses "dangerous" and argued that in order for accountants ...

New FoFA likely to increase advice costs

LAURA MILLAN  |  FRIDAY, 5 DEC 2014
... failed to achieve its objectives and will drive more financial planners to leave the industry," Radar Results principal John Birt said. Radar Results reported that 348 comments were lodged by advisers as part of the survey. "Unlike the 800-plus comments ...

FoFA boosts advice business valuation

LAURA MILLAN  |  THURSDAY, 21 NOV 2013
... "Concerns around FoFA have not lowered valuation multiples and in some states they have increased," Radar Results principal John Birt said. "Earnings before interest and tax (EBIT) multiples have remained steady since FoFA was introduced and can vary ...

Accounting and advice practices likely to increase mergers

LAURA MILLAN  |  WEDNESDAY, 11 SEP 2013
... practices. "The accounting industry's foray into the planning industry is really only just starting," Radar Results principal John Birt predicted. "The accounting industry will fully embrace financial planners, taking over and merging with many financial ...

FoFA could lock advisers into licensees for life

LAURA MILLAN  |  FRIDAY, 26 JUL 2013
... of the legislation, particularly if they can be sold only within their own licensee group," Radar Results principal John Birt said. "In some boutique licensee groups where there's only a handful of authorised representatives, there may be no buyers at ...

Buyer's market for planning businesses: Radar Results

BEN COLLINS  |  TUESDAY, 3 JUL 2012
... months, financial planners can now borrow at rates as low as 7% pa to fund the acquisitions, said Radar Results founder John Birt. "Many banks today have moved back into this field of lending - the most prominent being ANZ, NAB and St George - allowing ...
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