Centrepoint claims lead on organic adviser growth | Australian Markets
Financial planning group Centrepoint Alliance (CAF) is laying declare to the strongest organic web growth within the financial adviser market.
Releasing its unaudited outcomes to the Australian Securities Exchange this week, Centrepoint stated it anticipated Net Profit Before Tax to increase by 30% or $7.1 million over its 2024 end result on the back of a 13% carry in anticipated gross income of $326 million.
It stated the efficiency exceeded its earnings steering with anticipated normalised EBITDA of $10.6 million.
The ASX announcement famous web growth of authorised representatives for the 12 months of 22 with 573 advisers working underneath Centrepoint licenses.
“CAF achieved the strongest organic net growth in the market and has demonstrated consistent adviser growth over the last four years,” it stated.
The company stated funds underneath management in managed accounts grew by 40% to $423 million with its IQ Portfolios business contributing to the growth and at present obtainable on 5 investment and superannuation platforms.
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