Count Financial has reported a 36 per cent increase in funds under advice for 2004-05, despite a small reduction in its number of franchisees.
Australia’s third largest financial planning dealer group reported that of the $2.28 billion growth in funds under advice, $1.21 billion went into its recommended platforms such as BT Wrap.
The loan business grew strongly in the final quarter of 2004-05, with Count claiming that the $270 million of new loan business generated was a record.
The group said it was confident of an earning before interest and tax (EBIT) result of $16.3 billion for 2004-05, up 50 per cent on the previous year. Forecast EBIT growth for 2005-06 has been set at 30 per cent.
