Fiducian backs franchisee on FUA
![Puzzle pieces being joined together in sunlight](https://financialnewswire.com.au/wp-content/uploads/puzzle_pieces_hands-min.jpg)
The financial planning subsidiary of Fiducian Group Limited has supported one of its financial planners with a franchised office in Albury, New South Wales and acquired clients that total $38 million in funds under advice.
Fiducian Financial Services established the office as part of its ongoing strategy to help financial planners build their businesses and work from a preferred area.
“This acquisition supports our quality franchise financial planning business in Albury to expand by acquiring clients of another financial planning business operating in the Albury/Wodonga catchment area,” said Jai Singh, Fiducian’s Head of Business Development & Distribution.
Singh also said that the total acquisition funding to support the new Albury franchisee is estimated at $360,000, which is being funded by Fiducian from internal cash holdings.
Robby Southall, Executive Chairman for Fiducian Financial Services, said it is part of Fiducian’s “cultural DNA” to help the firm’s financial planners who wish to relocate their businesses and move their families.
“It is a continuation of the strategy of Fiducian Financial Services to develop a country wide financial planning network to ensure Australians can access high quality personalised financial advice,” he said.
Southall said Fiducian is always on the look out to make other acquisitions of financial planning business.
Just wind them up please so the rest of the financial planning industry can move forward without an albatross around…
Compare the pair.
I have clients who have been told to produce evidence they are with cbus or else they can't work on…
Unionist were appointed to the Reserve Bank Board as some sort of pay off. You missed where the Wayne Swan…
It concerns me that only months ago the Government was considering giving Union based Industry Funds the power to advise…