Fiducian grows planning footprint
The financial planning subsidiary of publicly-listed vertically-integrated financial services services group, Fiducian, has added around $216 million in assets under advice via the acquisition of six financial planning businesses.
The company announced that Fiducian Financial Services had added the six new franchised offices over the past few months, including a Wollongong business which accounted for around $80 million in funds under advice.
In line with the company’s long-standing policy it did not name the businesses but Fiducian’s head of Business Development and Distribution, Jai Singh said that eight new qualified financial planners had satisfied Fiducian’s strict selection process.
The company’s announcement said the acquisitions were part of Fiducian’s ongoing strategy to expand its quality financial planning network around Australia.
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial managing director, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.