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.
MIS pay how much ? NOTHING Adviser Govt income Theft continues. Another sad joke from Canberra
Will we be able to look up and compare AMP’s underperforming and performance test challenged funds too?
Yawn. This is pretty rudimentary stuff, and largely looks like regurgitated and reskinned stuff that anyone can get off the…
The pay for research model is not perfect but I note ASIC have not actually raised this as an issue…
Here we go. The current test is rubbish, notably the Trustee Directed Product one, yet this feels like rationale for…