New research from CFS 10x has found a significant value gap in Australian advice businesses at an average of $1.1 million.
While large licensees may claim stronger compliance regimes, it is the self-licensed or micro-AFSLs who boast more experienced advisers.
AMP chief executive, Alexis George, has sought to emphasise the positives for a business which she says is developing cashflow momentum.
Barely three months after announcing their JV, WTFG and Merchant Wealth have created a second advice practice acquisition vehicle.