Reckon completes sale of Accountants Practice Management Group
Reckon has completed the sale of its Accountants Practice Management Group to Access Software Australia, Access Workspace NZ and Access UK Limited for $100 million.
Reckon announced the completion of the all-cash transaction to the Australian Securities Exchange (ASX) today.
The announcement said Reckon would continue working with the Access Group under a temporary transitional services agreement to ensure an efficient and successful handover of all assets, staff, clients and employees.
Reckon has retained its Business and Legal Groups which its chief executive, Sam Allert said represented 70% of revenue and approximately 60% of EBITDA prior to the transaction.
If there is a significant increase in the numbers of personal advice advisers converting to become to general advice advisers,…
You know what would have stopped the Shield & first guardian fiasco? ASIC actually doing their job and acting on…
Too much priority on E&S, not enough G...G should always come first.
Yep agree, the failures here were greed and useless ASIC. Not that hard. Even if AI was as good as…
Financial capability provided by schools??? I don’t think so.