More FUM for the company.
They seem to be having a good year and getting a roll on with these acquisitions. I noticed an article in the SMH yesterday which mentioned that their is somewhat of an exodus of clients from big bank FP groups going on (my intuition tells me that this is just usual big bank bashing and is largely exaggerated) and smaller planning groups are benefiting from this trend. Exaggerated or not, it seems that the future of the non-bank FP is secure for a long while yet.
Ann: Fiducian Group acquires $60M Funds under Advice, page-2
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