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.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 16 Aug 2017Challenger announces ‘strategic relationship’ with Japanese insurerBy Staff Reporter
- 16 Aug 2017Income protection insurance launched for on-demand workersBy Staff Reporter
- 16 Aug 2017RegTech to reduce adviser misconductBy Aleks Vickovich and Larissa Waterson
- 15 Aug 2017ASIC bans NSW SMSF auditorBy Staff Reporter
- 15 Aug 2017Former Victorian premier named EQT chairBy Staff Reporter
- 15 Aug 2017‘Business as usual’ at FortnumBy Aleks Vickovich
- view all