Fiducian ramps up for growth with new initiatives
FiducianPortfolio Services is gearing up to launch its own financial planning software and administration system, as well as boosting the number of its offices to 30 by the end of this financial year.
Fiducian managing director Indy Singh says the financial planning software has been designed for use within his group but has also been designed for third party use and will be ready within the next month. The administration system is also slated for roll out in the next quarter.
According to Singh, the group is also looking at enhancing its franchise model of the business, based on the planning software and administration system, with each element capable of being used by other financial planning businesses, including those operating in other countries.
Singh says the model will be highly transportable and based on a modulised system, which means elements can be removed and replaced dependent on the tax and regulatory environments.
In terms of dealer group numbers, Singh says at present the group has 17 dealers or agents tied to the group, with 14 franchised offices. He hopes to add four more dealer groups to its numbers, as well as six more franchises.
The group’s target for franchised offices also includes having 60 offices by the end of next financial year, with an overall target of 100 offices to be achieved “as soon as possible,” according to Singh.
Future plans also involve the possible launch of badged products for third party dealers, and an adviser training and compliance system for use internally and externally.
Singh says the reason for the high level of activity within the company since listing is part of a strategy to build the group to attract financial planners.
AUTHOR
Jason Spits
Recommended for you
Ahead of the 1 January 2026 education deadline for advisers, ASIC has issued its ‘final warning’ to the industry, reporting that more than 2,300 relevant providers could be on their way out.
As high-net-worth investors look to opportunities in alternatives, Praemium has revealed that advisers who can deliver on this demand tend to have deeper relationships with their clients as they are seeking more involvement in the investment process.
As adviser-client relationships stabilise, Investment Trends’ latest report said digital hybrid advice models are key to addressing the supply-demand gap in Australia.
A Koda Capital partner and executive team member, who joined the firm from almost a decade in advice roles at AMP, has departed the wealth manager.
