Fiducian Group has announced it acquired two financial planning businesses, bringing the company’s total funds under management, administration and advice to $4.95 billion.
According to a statement, Fiducian has executed two separate agreements to acquire advice firms in north-east Melbourne and Gippsland, Victoria.
The names of the advice firms were not disclosed in the announcement.
The acquisitions are a continuation of Fiducian’s strategy to expand its financial planning network.
Fiducian manager for distribution and business development Jai Singh said, “We support trusted financial planners who fit our corporate culture with development capital to build their businesses.
“These opportunities have expanded the network into geographic areas not previously serviced by Fiducian and should support returns to shareholders.”
The Financial Advice Association Australia has argued strongly against the implementation of the CSLR, calling the ...
A financial advice firm has seen a decline of 10 advisers this week with all moving to a new licensee, while Centrepoint ...
As Quality of Advice Review legislation begins to roll out, advisers can start to focus on addressing issues within the ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin