takeover speculation, page-5

Count's test will be once volume platform rebates are banned to advisers. Many of their advisers rely heavily on these rebates. Their advisers will need to put up the fees they charge directly to clients. How will this go??

Some other dealer groups are better positioned whereby their advisers rely very little on platform rebates.

As an aside, opt-in will be every two years instead of one. Much better for the industry.

CFS takeover. Maybe. The banks will be in the box seat after FOFA comes in. Will be interesting to wait and see what happens.

One thing is for sure. There will be a lot of industry consolidation coming up.