ASX-listed financial services licensee the Fiducian Group has acquired four unidentified financial planning businesses for its franchise network.
The move brings the company’s aggregate funds under advice to $81 million, according to a statement on the ASX website.
Fiducian manager of investment projects Jai Singh said the advisers were a good culture fit for the company.
“The financial planners fit our culture and seek our reliable systems and disciplined process,” he said.
“The total funds under advice adds scale to the overall network and new planners with aspirations to increase the size of their businesses over time.”
When approached by ifa, a Fiducian spokesperson declined to name the practices affected.
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