FID 0.13% $7.55 fiducian group limited

All steady as she goes really, nothing really concerning.A few...

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    All steady as she goes really, nothing really concerning.


    A few points worth noting:

    - Net inflows at record figures... nice work given the environment
    - CTI increased by 2%. Given the effort involved in PCUU integration/acquisition, my guess is this drops back down when it's done
    - The financial planning segment is performing strongly (profits). I always assumed this would be breakeven, almost as a loss-leading product to attract FUMAA
    - Platform Administration looking interesting. Cutting fees by ~$1m (on current FUA) and marketing externally. At 60% margins, this could be a big win.

    And just in case people missed it - retail preso on thursday.

    https://hotcopper.com.au/data/attachments/4593/4593669-00e70dd90ac0f610e0cfd275b1e2bb30.jpg
 
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