Fiducian announces half-year profit
|
Fiducian Portfolio Services has reported a profit of more than $2 million for the previous half year, despite operating revenue falling 21 per cent.
The directors of the company declared a fully franked dividend of 3.75 cents per share.
“The results clearly demonstrate the robustness of our business model in the challenging environment. The Fiducian business pillars continue to develop quality product and service offerings, despite the increased market volatility,” said Fiducian managing director Indy Singh.
Fiducian’s investment service and superannuation service assets have dropped by 19 per cent to $964 million over six months.
Singh said the company would focus on developing its existing revenue streams through their product and service offering.
Recommended for you
In this episode of Relative Return, host Maja Garaca Djurdjevic is joined by shadow treasurer Angus Taylor to discuss the current state of the financial advice sector, the economy, the housing affordability crisis and more.
In this episode of Relative Return, host Laura Dew speaks with Andrew Mitchell, director and senior portfolio manager at Ophir Asset Management, about why he loves working in fund management and the lessons he’s learnt in a decade of running a firm.
In this episode of Relative Return, host Laura Dew speaks with Blackwattle Investment Partners managing director and chief investment officer, Michael Skinner, about setting up an asset manager and what he looks for in an investment team.
In this special episode of Relative Return, Momentum Media’s Phil Tarrant and Jordan Coleman discuss the publishing house’s expansion into greater coverage of the wealth management space.