@Jimmy Recard
FYI, after some digging
Brief comments:
2) F.Planning industry
----------------------------
i) AMP
has *500,000 clients (aka members)
and
4,400 Fin.Planners in its network
(AMP, Hillcross, Charter, iPAC, jigsaw,SMSF)
https://www.amp.com.au/advice-careers/about-us/who-we-are
4400/18000 = 25% of FP
-
ii) Intiger, latest pricing
Standard SoA = $199 , Complex SoA , ?cost? , say $350 to $400
http://paypersoa.com.au/?page_id=7
vs
AMP present S0A cost, ' $400 to $1000 , 'simple' to 'complex', approx
(Info given by a AMP f.planner, 30 minutes ago, reluctantly)
-
iii) Revenue potential
We can do the revenue maths, @$199 (round to 200), and X% of *500000
5% = 25000 = $5m
10% = 50000 =$10m
20% = 100000 = $20m
30% = 150000 = $30m
(...i think we all get the picture ?)
Numbers exclude Complex SoA, and other future partnerships, and other target markets ( Lenidng, Property, etc)
-
Summary:
AMP f.p.network alone will keep Intiger busy and it can achieve all milelstones
$1m, 3m, 7m, (**15m), $30m
in next 3 years (12 quarters)
(and MF to qualify for 4x 250m)
*Would have preferred another **$15m milestone
(5x 200m, $55m aggre. Npat);
i respect MW's decision here; he is the insider; both have nego fiercely.
MF obviously wants to gain his 3x 250m quicker, and gain control of his baby.
MF can easily achieve M1,M2,M3 , say every 2-3 quarters
M4 may take slightly longer, 3-4-5 quarters
*Don't mind if MF achieves only $39m and misses $40m aggre.Npat, by $1m;
and loses his last 250m.
(all for fun only =)
Dyor. Imo
PS
Jimmy,
a)i have some timeframe in mind for MC, ST-MT, but this can wait=)
hint,
page 12, 1st para,
mentioned by many here, few weeks ago
http://www.asx.com.au/asxpdf/20160121/pdf/434hlkl1k7swcq.pdf
'The answer my friend is blowing in the air...!"
Feeling very excited here!