Has CountPlus found the formula for profitable financial advice?
After acquiring the Commonwealth Bank's Count Financial for a steal, CountPlus reckons it can prove the 'unproven economics' of listed wealth management.
In October, CountPlus acquired Commonwealth Bank subsidiary Count Financial in a transaction that perfectly illustrated the financial advice industry's fall from grace.
In what was almost an Alan Bond moment for the ASX-listed wealth manager, Count Financial was picked up for the tidy sum of $2.5 million.
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