The cost to income ratio should improve across to platform/funds management as additional funds are moved across. So moving 70% of the funds across should result in similar revenue to other FUMAA, but higher EBITDA, all things being equal.
Not that I'm depending on it, but the model is moving that way (as they always seem to point out in presentations).
@peterdoobes - may I ask why you think it'll take 2 years to move the funds across? Is there any historical record of this?
Ann: Fiducian to acquire MyState's financial planning business, page-16
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