Fiducian posts solid result
Publicly-listed financial services house, Fiducian Group Limited, has reported a strong full year result.
The company announced this week it had lifted its underlying net profit after tax by 22 per cent to $7 million on the back of solid inflows.
Chief financial officer, Rahul Guha, said funds under advice, management and administration increased 16 per cent to $4.7 billion while net revenue grew 27 per cent to $26 million.
The board declared a fully franked final dividend of seven cents per share.
Commenting on the result, Fiducian Group managing director, Indy Singh, said that while expenditure controls and profits remained a priority, the company would remain acquisitive.
"The Board intends to build scale and maintain its acquisition and distribution growth strategy to deliver consistent double-digit earnings growth in coming years," he said.
Recommended for you
Being able to provide certainty about redemptions is worth fund managers pursuing when targeting the retail market even if it means sacrificing returns, according to Federation Asset Management.
Regal chief investment officer Philip King will step down from listed investment company VGI Partners Global Investments after the LIC reported a loss of $17.6 million for FY25.
Real asset commentators have shared what advisers should be considering when conducting their due diligence on the assets and how they can mitigate illiquidity for retail clients.
GQG Partners has announced net flows were down 28 per cent in the first half of 2025, with redemption pressure particularly hitting Australia.
