Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Fiducian Group acquires $35 million in funds under advice

Shares in the company have traded from $3.83 to as high as $5.59 over the last 12 months.
picture of big fish about to eat little fish
Fiducian Group shares last traded at $4.28

Fiducian Group Ltd (ASX:FID) has executed an agreement to acquire a financial planning business in southeast Queensland for $0.33 million cash.

The acquisition is part of Fiducian’s strategy to expand its financial planning network.

The acquisition will increase funds under advice by an additional $35 million.

An end-to-end financial services company

Fiducian’s total funds under management, administration and advice now totals $6.47 billion.

Fiducian is an end-to-end financial services company in Australia.

It provides:

1. Platforms for investment and superannuation;
2. Funds management and investment;
3. Financial planning and wealth management;
4. Technology solutions for financial planners and their clients; and
5. Accounting/resourcing and SMSF administration.

View full FID profile View Profile

Related Articles

1510592057_gas-pipeline.jpg
November 13 2017
In the quarter, the power and electromechanical segment contributed revenues of $16.7 million,
electric vehicle charging
July 04 2018
AMP wants to add 25 sites in Greater London and extend its reach into the North-West around Liverpool and Manchester
Mexican flag
March 26 2018
PLCs in emerging markets no longer have to find someone to promote their company to overseas investors

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use