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.
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