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.
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData