Fiducian makes $1.25m Chatswood planning purchase
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."
AUTHOR
Nicholas O'Donoghue
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
