You also get a 3.5 cent dividend from HUB as contrasted to the 11.5 cent final dividend from FID, both are fully franked. FID platform administration system " FASTRACK" has never gained traction in a "whitelable" sense so the core business of HUB differs from FID. Having said that from reading HUB's presso they are fine tuning their offering so their clients can work more efficiently with their platform. Fiducian has their own platform and at the end of the day their success relies on the "manage the managers" approach , passing the intel down the line to the company own offices and franchisees , down the line again to individual investors that see their portfolios increases through good financial advice. I actually use the "manage the managers " approach to my portfolio for a number of reasons. Firstly to protect myself from myself as I'm an "all in" investor.....very risky ! Secondly active managers such as QVG, MX Capital, Maven work a lot harder than me. That's not to say they will get better results but I respect their work ethic and the fact they are all fully invested in their funds.
FID Price at posting:
$5.83 Sentiment: Buy Disclosure: Held
