Fiducian reports growth in FUMAA during M&A discussions in Money Management

Fiducian Group has experienced significant growth in its Funds Under Management, Administration, and Advice (FUMAA) and Net Profit After Tax (NPAT) during the first half of the fiscal year 2025. The company’s NPAT increased by 26% to $8.6 million, up from $6.8 million in December 2023.

The core Fiducian platform saw net inflows of $186 million from financial advisers aligned with the company in the six-month period. Additionally, FUMAA increased by 11% from $12.9 billion to $14.4 billion, driven by both organic and inorganic inflows.

Breaking down the FUMAA figure, Funds Under Management (FUM) grew by 16% from $4.8 billion to $5.6 billion, while Funds Under Advice (FUA) saw a 6% increase from $4.7 billion to $4.96 billion.

The platform administration services, which include wrap administration for superannuation and investment services such as the Auxilium platform, also experienced a 15% growth from $3.4 billion to $3.8 billion.

Currently, Fiducian has 78 financial advisers spread across 47 offices in Australia. During the results briefing, Fiducian Group’s executive chairman, Indy Singh, mentioned the company’s plans for future growth, aiming to increase its adviser count to up to 150 through both organic expansion and potential acquisitions.

Singh expressed ongoing discussions with advisers interested in joining Fiducian, with a target of reaching at least 100 advisers. The company is also exploring acquisition opportunities, with positive prospects in the pipeline. These strategic moves are expected to enhance adviser numbers and expand Fiducian’s presence in the market.

Overall, Fiducian’s strong financial performance and growth trajectory showcase its commitment to providing quality financial advice services and expanding its market reach. Through a combination of organic growth and strategic acquisitions, Fiducian aims to strengthen its position in the industry and further support its network of financial advisers.