Financial services specialists Fiducian Group Limited, has started the new financial year by completing a deal to purchase a Chatswood-based planning practice with more than $60 million in funds under management.
With the $1.25 million deal sealed on Wednesday of last week (1 July), Fiducian manager investment projects, Jai Singh, said moves to integrate the practice into the group’s wider network have already begun.
“A lot of operational activity has occurred to ensure a smooth transition for the quality financial planners joining the Fiducian team,” he said.
“We also want to ensure minimal disruption to the advice proposition for clients.
“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.”
