Centrepoint Alliance forecasts revenue bump for FY25
Licensee Centrepoint Alliance is forecasting to report a net revenue up 13 per cent for FY25.
In forward guidance of the results, which will be released on 26 August, it said it expects the net revenue (gross profit) will be $40.9 million, an increase of 13 per cent or $4.8 million.
Expected net profit before tax is $7.3 million, up 30 per cent on FY24.
The licensee gained 22 authorised representatives during the year to close out FY25 with 573 financial advisers operating under its licensees, although this is smaller than the 38 authorised representatives gained during FY24.
With the exit of AMP from advice during the year, Centrepoint is currently the third-largest licensee behind Count and Entireti.
Funds under management in managed accounts grew from $303 million to $423 million, up 40 per cent, and the firm said this was helped by its iQ Portfolios which are available on five investment and superannuation platforms.
It also launched its own platform, the IconiQ Superannuation and Investment platform in December 2024, in association with technology firm FNZ. The platform is designed to empower financial advisers in managing their clients’ investments with ease and efficiency, developed on FNZ’s wealth management technology.
The focus currently is on onboarding advisers, building out the managed account offering, and completing integrations with adviser software applications.
It ended the year with the acquisition of superannuation fund Brighter Super’s advice review book, which was completed in June 2025, with three advisers transferring to Financial Advice Matters (FAM), the wholly owned salaried advice business which Centrepoint Alliance acquired in 2023.
FAM has entered into a three-year referral arrangement to provide comprehensive advice to Brighter Super’s members.
In its FY24 results, the firm said net profit after tax (NPAT) was $7.8 million, an increase of $1.5 million on the previous year, while net revenue increased to $36.1 million. Adviser fees were $1.6 million, driven by adviser growth through recently acquired advisers transitioning to full rate card during the year.
Announcing its results last August, chief executive John Shuttleworth said the firm’s priorities for FY25 had been to grow licensed and self-licensed advisers, grow salaried advisers, build scale in asset management, launch the IconiQ platform, and grow its lending business.
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Laura Dew
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