Centrepoint reported strong advisor recruitment in fiscal 2022, driven by a mix of organic growth and via acquisitions.
In an announcement to the Australian Securities Exchange (ASX), Centrepoint Alliance said it ended fiscal 2022 with 517 approved advisers, 175 additional advisers from the acquisition of ClearView in November 2021 and 27 more from the market.
The company said expanding services to self-licensed businesses remained a core part of its strategy, supporting growth in FY22.
“Combining Centrepoint’s self-licensed business with the acquisition of ClearView’s self-licensed La Vista offering, the company now has 192 self-licensed businesses, with approximately 788 advisors (net growth of nine over the year). exercise 22),” he said.
In terms of earnings, the unaudited preliminary earnings before interest, tax, depreciation and amortization (EBITDA) for FY22 was $7.2 million (before exceptional transaction costs for FY22 of 1, $1 million and performance rights expense of $1.6 million).
This is an increase of over 100% from $3.4 million in FY21.
Preliminary unaudited net income before tax (NPBT) for FY22 was $2.6 million, a 66% year-over-year (YoY) increase driven by growth in the business units of the business, the success of mergers and acquisitions and expense management.
Growing Centrepoint’s lending business remained a key strategic focus, he said. The company is a loan aggregator providing brokerage services to approximately 80 mortgage brokers.
Annual settlements increased 36% from the prior year to $900 million, bringing the total loan portfolio to approximately $3.2 billion.
The company also announced the completion of the sale of the investment management rights of Ventura Funds to Russell Investment Management Ltd. The proceeds of the sale would be recorded in the July 2022 accounts.
Centrepoint Alliance is expected to release its audited financial results for FY22 on August 24, 2022.