Australian financial services firm Fiducian Group has acquired a Chatswood, Sydney-based financial planning practice for $1.25m on 1 July 2015.
The unnamed firm currently has more than $60m in funds under management. As part of the deal, the practice will be integrated into Fiducian’s advice network.
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Fiducian manager investment projects Jai Singh said: "A lot of operational activity has occurred to ensure a smooth transition for the quality financial planners joining the Fiducian team.
"We also want to ensure minimal disruption to the advice proposition for clients.
"The business is established, has a quality client base and its experienced team is a valuable addition to the existing Fiducian network which has similar views on providing value-added holistic financial advice," Singh added.
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