Count’s wrap rockets
Count Financial’s wrap account has almost trebled over the past year to $872 million.
Count Managing director Barry Lambert says strong growth in the wrap service has not been hampered by the loss of 10 accounting groups during the year to consolidators or breakaway groups.
He says the group currently has 10 potential franchisees undergoing training with Count, as well as a larger number of new advisers from existing franchisees.
As well as training potential franchisees, Lambert says the group has also been busy developing web sites for its franchisees. He says the group is close to being able to offer clients access, through their franchisees web site, to their portfolio whether it be in wealth-e-account(TM) retail funds, direct shares, loans or other products.
Lambert says the group is building and finalising about 60 web sites for franchisees and re-badging another 60 existing web sites.
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.
