{"id":69999,"date":"2024-02-20T11:20:32","date_gmt":"2024-02-20T01:20:32","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=69999"},"modified":"2024-03-01T10:36:37","modified_gmt":"2024-03-01T00:36:37","slug":"count-to-become-one-of-largest-advisory-businesses","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2024\/02\/20\/count-to-become-one-of-largest-advisory-businesses\/","title":{"rendered":"Count to Become One of Largest Advisory Businesses"},"content":{"rendered":"

Upon completion of its acquisition of Diverger on 1 March 2024, Count<\/a> will be one of the largest advisory businesses in Australia, the company says.<\/p>\n

In releasing the firm’s half-year financial results for the six months ending 31 December 2023, Count CEO Hugh Humphrey<\/strong> noted the company will have more than 550 financial advisers \u201c\u2026materially increasing earnings both through scale and through more diversified service offerings\u201d (see: Count Acquires Diverger<\/a>).<\/p>\n

\"\"<\/a>
Hugh Humphrey<\/figcaption><\/figure>\n

Among the key half year results the company highlighted were:<\/p>\n

    \n
  • Revenue increased by 6% compared to the prior period, driven by both organic and acquisitive growth<\/li>\n
  • Underlying Earnings Before Interest, Tax and Amortisation up by 9% to $5.436m mainly attributable to improved EBITA margins of 21.4% in the Accounting segment<\/li>\n
  • Completion of seven growth transactions to date (excluding Diverger) with two additional transactions announced since 31 December 2023<\/li>\n
  • Statutory profit for the period increased by 135% to $2.014m<\/li>\n<\/ul>\n

    Humphrey says the strong performance is particularly pleasing “…as the Company simultaneously delivers one of the most significant transformations in our 44-year history.”<\/p>\n

    He added that Count continues its strategic execution to build capability and drive growth across its three segments of Accounting, Wealth and Services.<\/p>\n

    “These results are a strong endorsement of this focus, with the most exciting phase still to come as we complete the acquisition of Diverger on 1 March.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

    Upon completion of its acquisition of Diverger on 1 March 2024, Count will be one of the largest advisory businesses in Australia, the company says. In releasing the firm’s half-year financial results for the six months ending 31 December 2023, Count CEO Hugh Humphrey noted the company will have more than 550 financial advisers \u201c\u2026materially […]<\/p>\n","protected":false},"author":24,"featured_media":70003,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,3],"tags":[],"class_list":{"0":"post-69999","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dealer-groups","8":"category-general"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/69999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=69999"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/69999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/70003"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=69999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=69999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=69999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}