Fiducian supports NSW franchisee to acquire $38m in funds under advice

On Thursday, Fiducian Financial Services confirmed the office will open in Albury.

“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,” Fiducian’s head of business development and distribution, Jai Singh, said.

Total acquisition funding to support the Albury business is estimated at $360,000 and is being funded by Fiducian.

Fiducian Financial Services executive chairman Robby Southall said the move is part of an ongoing strategy to help its financial planners build their businesses and work from an area of their choice through training, practice management, compliance and digitally supported client advice offered by the company.

“It is a continuation of the strategy of Fiducian Financial Services to develop a countrywide financial planning network to ensure Australians can access high-quality, personalised financial advice, and also it is in our cultural DNA to help those Fiducian financial planners who wish to move their families to other locations,” Mr Southall said.

“Fiducian is constantly looking to make other acquisitions of financial planning businesses.”

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.