Fiducian Group (ASX:FID) franchise aquires $56m in FUA

22Apr

Fiducian Group (ASX:FID) franchise aquires $56m in FUA

 

Fiducian Financial Services, the financial planning subsidiary of Fiducian Group (ASX:FID) has facilitated the acquisition of a regional financial planning business for its franchise office located in Gippsland, Victoria.

This adds a further $56 million in Funds under Advice.

It is expected to add to the total Funds under Management, Administration & Advice of over $7.1 billion (as at 31 March 2020).

Following this acquisition, their Sale and Traralgon offices will merge and with greater scale will be able to continue to provide high quality strategic financial planning services much needed in the Gippsland region at this time.

Shares in Fiducian Group (ASX:FID) are trading 1.6 per cent lower at $4.25.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

10Oct

Sky Network Television (ASX:SKT) loses the broadcasting rights to Cricket NZ

10 Oct 2019 - Sky Network Television (ASX:SKT) in New Zealand has lost the broadcasting rights for Cricket New Zealand to Spark Sport from April next year.

Read More
22Mar

Telstra (ASX:TLS) plans biggest restructuring since 1997

22 Mar 2021 - Telco giant Telstra (ASX:TLS) is planning the most comprehensive restructuring program since the company’s privatisation in 1997.

Read More
19Jan

BINGO (ASX:BIN) has recieved a $3.50 a share cash bid

19 Jan 2021 - BINGO (ASX:BIN) has received an unsolicited, highly conditional, non-binding, indicative proposal from funds advised by CPE Capital on behalf of CPEC and its potential co-investors which include Macquarie Infrastructure and Real Assets for the acquisition of BINGO.

Read More
28Jan

Fortescue Metals (ASX:FMG) delivers record iron ore shipments for 2H 2020

28 Jan 2021 - Fortescue Metals (ASX:FMG) delivered record iron ore shipments of 90.7 million tonnes in the six months to December beating any half year since the company began.

Read More
30Mar

News Corp (ASX:NWS) to buy HMH Books & Media Segment

30 Mar 2021 - News Corp (ASX:NWS) entered into an agreement to acquire the Books & Media segment of Houghton Mifflin Harcourt.

Read More
06Jan

Aeris Resources (ASX:AIS) reports 260% increase in gold ounces

06 Jan 2021 - Copper-gold producer and explorer, Aeris Resources (ASX:AIS) reports a 260 per cent increase in gold ounces to 26 thousand ounces at their Rose Pride deposit in Queensland.

Read More
24Oct

ACCC extends review of proposed sale of GrainCorp’s (ASX:GNC) Australian Bulk Liquid Terminals assets

24 Oct 2019 - GrainCorp (ASX:GNC) reports that the Australian Competition and Consumer Commission has extended the timeline for its review of the proposed sale of GrainCorp’s Australian Bulk Liquid Terminals assets to ANZ Terminals.

Read More
22Feb

Waste collections group BINGO (ASX:BIN) see profit fall 58.5% during the half year

22 Feb 2021 - Waste collections group BINGO (ASX:BIN) reports that Covid-19 has less impact than originally anticipated with key markets and the company is on track to recover ahead of schedule.

Read More
09May

Stocks of the Hour: Westpac, Magellan Financial & AUB Group

09 May 2022 - A snapshot of the stocks on the move featuring Westpac (ASX:WBC), Magellan Financial (ASX:MFG) & AUB Group (ASX:AUB).

Read More
03Feb

Westgold Resources (ASX:WGX) temporarily suspends FIFO operations

03 Feb 2021 - Westgold Resources (ASX:WGX) has suspended all FIFO operations from the lock down region in Western Australia to the unaffected region in which it operates.

Read More