CountPlus continues to attract abundance of adviser inquires

In an ASX listing, CountPlus said it posted a net profit after tax of $5.30 million for the 2021 year, down from $5.95 million in 2020.

Addressing CountPlus’ AGM on Tuesday (16 November), chief executive Matthew Rowe said that as the group enters 2022, “we are in a strong financial position” combined with a sharp focus on growth, improved revenues and boosting shareholder return on capital.

“Our focus is reflected in the quality of the merger and acquisition activities behind us, and on the near horizon,” Mr Rowe said.

He flagged that Count’s current adviser numbers stand at 244, with 18 new advisers in the process of being onboarded.

“Our recruitment pipeline moves around as opportunities drop away or we do not proceed, but we currently have a healthy 220 potential recruitment opportunities,” Mr Rowe said.

Gross business earnings per financial adviser increased 39 per cent since September 2020, while average funds under administration per adviser stood at $47.5 million in September 2021, compared to $31.8 million at the same time last year.  

Moreover, Mr Rowe revealed, 95 per cent of Count Financial advisers have passed the FASEA exam, compared with an industry average of 76 per cent.

On 1 November, Count announced the completion of its acquisition of Accurium, allowing it to expand its core service delivery to accounting firms and SMSF professionals.