Centrepoint claims lead on organic adviser growth
Financial planning group Centrepoint Alliance (CAF) is laying claim to the strongest organic net growth in the financial adviser market.
Releasing its unaudited results to the Australian Securities Exchange this week, Centrepoint said it expected Net Profit Before Tax to increase by 30% or $7.1 million over its 2024 result on the back of a 13% lift in expected gross revenue of $326 million.
It said the performance exceeded its earnings guidance with expected normalised EBITDA of $10.6 million.
The ASX announcement noted net growth of authorised representatives for the year of 22 with 573 advisers operating under Centrepoint licenses.
“CAF achieved the strongest organic net growth in the market and has demonstrated consistent adviser growth over the last four years,” it said.
The company said funds under management in managed accounts grew by 40% to $423 million with its IQ Portfolios business contributing to the growth and currently available on five investment and superannuation platforms.
I think these numbers are too low. Especially if you live in major cities. I try to ensure none of…
Are Interprac / Sequoia going to pay the 10’s of $$ millions in AFCA complaints ? Even after Macquarie &…
Always back self interest when a body is marketing a submission to the government
In other words the system is achieving what the government wanted to happen.
Every day I come on here it feels like it is just the SMC trying to lobby to make one…