ASX-listed financial services licensee Fiducian Group has acquired a Chatswood financial planning practice for its franchise network.
The unnamed Chatswood practice was bought for $1.25 million, with integration into the wider Fiducian already underway.
The practice currently has $60 million in funds under advice and the transaction was completed on 1 July this year.
"A lot of operational activity has occurred to ensure a smooth transition for the quality financial planners joining the Fiducian team. We also want to ensure minimal disruption to the advice proposition for clients," Fiducian head of business services Jai Singh said.
"The business is established, has a quality client base and its experienced team is a valuable addition to the existing Fiducian network which has similar views on providing value-added holistic financial advice."
SUBSCRIBE TO THE IFA DAILY BULLETIN
News
- 16 Nov 2018Government sets $51m to pursue misconductBy Eliot Hastie
- 16 Nov 2018The financial advisers most people don’t read aboutBy James Mitchell
- 16 Nov 2018Clients expect advisers to understand their situationBy Eliot Hastie
- 16 Nov 2018Retirees hit hardest by franking credit changes, says FSCBy Sarah Simpkins
- 16 Nov 2018Trust in advice more important than everBy Stephanie Aikins
- 15 Nov 2018We’ll lose advisers through FASEA but it’s necessaryBy Adrian Flores
- view all
