Fiducian backs franchisee on FUA

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.
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