Structure helps deliver Fiducian a 23% NPAT lift

Fiducian Group has again proved the benefit of its structure posting a 23% increase in full-year net profit after tax to $18.6 million.
The result defied the impact of continuing geopolitical uncertainty but also reflected the company’s vertically-integrated structure with funds under management, advice and administration (FUMAA) rising 10% to $14.8 billion and net revenue increasing by 13%.
The board announced a dividend of 46.6 cents per share.
Fiducian commentary around the full-year result reflected the benefit of its structure, noting net inflows of $343 million were received in the Fiducian platform during the year from itsaligned dealer group.
“Fiducian continues to provide a high level of support to our ‘family’ of financial advisers to help them lift their revenue, attract more clients, and build their businesses,” the company said. “Our focus will remain on generating inflows through organic and inorganic growth, while further acquisitions of client bases continue to be negotiated.”
“Fiducian labelled platforms for Fiducian financial advisers are now complemented by our badged platforms and Auxilium offering for the external independent financial adviser (IFA) market.
“With a proven capability, our platform administration system meets the different requirements of the external IFA market. Auxilium platforms for superannuation and non-superannuation IFA business are successfully competing against established players.”
Fiducian executive chairman, Indy Singh said the Board’s objective remains to build scale and deliver consistent double-digit earnings growth over the long term.









if Peter Johnston had stood back and actually thought about what was happening I dare say he's forgotten that there…
…but, if the adviser joins another dealer group, then its business as usual?
"You will no longer be able to view and manage policies for your existing clients using your adviser log-in (‘a’…
I can provide quality & appropriate advice in about 1 hour with implementation on top.....I can provide "compliant" advice following…
Freaking clown....we're drowning in red tape and you're pushing this @$@$... and blaming advisers.