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Fiducian Group acquires $35 million in funds under advice

Shares in the company have traded from $3.83 to as high as $5.59 over the last 12 months.
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Fiducian Group shares last traded at $4.28

Fiducian Group Ltd (ASX:FID) has executed an agreement to acquire a financial planning business in southeast Queensland for $0.33 million cash.

The acquisition is part of Fiducian’s strategy to expand its financial planning network.

The acquisition will increase funds under advice by an additional $35 million.

An end-to-end financial services company

Fiducian’s total funds under management, administration and advice now totals $6.47 billion.

Fiducian is an end-to-end financial services company in Australia.

It provides:

1. Platforms for investment and superannuation;
2. Funds management and investment;
3. Financial planning and wealth management;
4. Technology solutions for financial planners and their clients; and
5. Accounting/resourcing and SMSF administration.

View full FID profile View Profile

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