Fiducian Financial Services has acquired State Trustees' financial planning business for an undisclosed sum.
The acquisition will see the financial planning side of State Trustees' business blend into Fiducian Financial Services, while other services such as legal advice, estate planning and will preparation will remain under State Trustees.
According to both Fiducian managing director Indy Singh and State Trustees general manager sales and marketing, Vicki Hood, the acquisition was a result of the aligned products, values and service standards between the two businesses.
"I see this acquisition as a pleasing result for all stakeholders, including Fiducian shareholders, and certainly the clients of State Trustees who will greatly benefit from the expertise and quality of the Fiducian Financial Planning service offering," Singh said.
