Count’s new dealer group to launch in November
Count is to launch its second dealer group, Compound Investments, at this year’s Financial Planning Association conference in Brisbane in November.
Money Managementrevealed plans for the new dealer group in March when the group announced it would form a non-accounting dealer group structure to be headed up by Count’s former Victorian director Greg Guest.
At the time, Count said the group would act as a service to accounting groups who are not ready to commit to financial planning but want a referral service.
Count managing director Barry Lambert says Compound will be up and running by November and should be profitable within its first year given that it is using the same infrastructure used by the Count advisers.
Lambert’s choice of the FPA conference as a launching pad for the group is interesting given the group’s often strained relationship with the association. While Lambert is one of the founders of the FPA, he had a falling out with the association which lead to him withdrawing one of his memberships with the group. However, Count still has membership with the FPA under one of its licences.
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