Count investee makes Perth acquisition
Count Financial has continued its growth strategy with its wholly owned subsidiary Countplus announcing another tuck-in acquisition — this time a Perth-based accounting business D.F. Crawley and Associates.
In an announcement to the Australian Securities Exchange this week, Count said that its Perth-based investees, RLF Bentleys had undertaken the acquisition, which was a sole practitioner business with fees of around $650,000 covering a range of mainly high-net-worth individuals.
It said the total cost of the acquisition was $550,000 and was settled with $275,000 in cash with the balance payable over two years and subject to client retention provisions.
Count said the acquisition had expanded Bentley’s existing high-net-worth client base while enabling financial planning and other additional services to be offered to these clients.
Recommended for you
Retail investment into private credit funds could surpass that of sophisticated investors, according to ASIC, but the regulator admits it is unsure how and where these individuals are first being introduced to the vehicles.
With the high cost of advice keeping young Australians locked out of advice, a fintech provider has said digital advice is key for licensees to capture this unadvised demographic.
ASIC chair Joe Longo has announced he will step down at the end of his term, departing the corporate regulator in May 2026.
When it comes to the phase-out of AT1 bonds, Schroders fixed income manager Helen Mason has urged financial advisers to sell up sooner rather than later or risk capital losses.
