With Count’s acquisition of Diverger set to complete on 1 March, the firm will overtake Insignia Financial as the second-largest financial advice licensee in Australia.
Insignia Financial s share price is up some 12% after it posted a marginal increase in underlying profit and reported all its strategic priorities being on-track.
Insignia Financial has reported an NPAT loss of $49 million in the first half of FY24 driven by strategic transformation costs and remediation payments.