Structure helps deliver Fiducian a 23% NPAT lift | Australian Markets
Fiducian Group has again proved the benefit of its construction posting a 23% increase in full-year internet revenue after tax to $18.6 million.
The consequence defied the influence of persevering with geopolitical uncertainty but additionally mirrored the company’s vertically-integrated construction with funds below management, advice and administration (FUMAA) rising 10% to $14.8 billion and internet income rising by 13%.
The board introduced a dividend of 46.6 cents per share.
Fiducian commentary across the full-year consequence mirrored the benefit of its construction, noting internet inflows of $343 million have been acquired within the Fiducian platform during the 12 months from itsaligned vendor group.
“Fiducian continues to provide a high level of support to our ‘family’ of financial advisers to help them lift their revenue, attract more clients, and build their businesses,” the company stated. “Our focus will remain on generating inflows through organic and inorganic growth, while further acquisitions of client bases continue to be negotiated.”
“Fiducian labelled platforms for Fiducian financial advisers at the moment are complemented by our badged platforms and Auxilium offering for the exterior impartial financial adviser (IFA) market.
“With a proven capability, our platform administration system meets the different requirements of the external IFA market. Auxilium platforms for superannuation and non-superannuation IFA business are successfully competing against established players.”
Fiducian govt chairman, Indy Singh stated the Board’s goal stays to construct scale and deliver constant double-digit earnings growth over the long time period.
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