Count tallies up value
Australia’s third biggest financial planning dealer group, Count Financial, has been valued at $222 million by an independent actuarial evaluation
Count commissioned actuaries Trowbridge Deloitte to conduct the economic valuation of the company.
However, Count managing director Barry Lambert insists this does not mean the financial planning group is up for sale.
“We’ve told people we’re not interesting in selling so that’s the end of that one,” he says.
Lambert says the valuation was conducted to keep analysts and share holders informed.
“So I guess it’s all about supporting the current share price rather than any take over thing,” he says.
The valuation, calculated as at 30 June 2004, was based on best estimates of key assumptions such as revenue growth, expense to income ratios and fee margins.
In a statement to the Australian Stock Exchange, Count indicated that if it achieves more optimistic expense to income ratios than those used by Towbridge Deloitte, then group’s the equivalent economic value could be $262 million as of 30 June 2004.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
