Key elements boosting Fiducian Group’s (ASX:FID) optimism - Kalkine Media

Highlights

• Fiducian Group (ASX:FID) has navigated through the highly uncertain economic environment while driving profits.
• FID’s financial planners are focused on generating results that are in line with their client’s best interests.
• FID remains optimistic about the future of its business and looks to continuously strengthen through organic growth and acquisitions of client bases.

Fiducian Group Limited (ASX:FID) is a diversified financial company offering an range of premium wealth services and solutions. FID’s business model has shown  resilience, and the company has navigated through the negative impact of a changing economic environment while driving profits for the company.

FID claims that it has helped business owners achieve commercial success and individuals secure a future of financial prosperity. The company follows an approach of providing a tailored solution to the clients that meets their needs.

FID’s technology systems and financial planner capabilities

Fiducian offers the highly effective, Manage the Manager System, with significant diversification and below-average risks with an aim to deliver continued above-average returns. The investment team of FID selects expert managers with proven performance, varying investment processes and harmonising styles.

Further, the assets are primarily held directly via mandates, and managers can be replaced without liquidating holdings.  The manager allocations and tactical allocations are decided by the in-house team.

Source: © Wutzkoh | Megapixl.com

As at 31 July 2022, FID had 86 planners working in 47 offices across Australia. The recruitment of these planners has been made with a mix of salaried and franchised planners to align with FID’s culture driven by quality and expertise.

These planners are focused on generating results that are in line with the client’s best interest.

FID maintains clean balance sheet

FID has continuously capitalised on the key revenue earning segments of its business model, including Platform Administration, Funds Management and Financial Planning. These are backed by the company’s proven and time-tested Fintech capability that further enables FID to innovate, boost productivity and ultimately deliver profits.

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Notably, FID continues to maintain a clean Balance sheet with zero debt and a positive working capital and cash flow position. Going forward, the company remains open to capital raising or debt funding in case appropriate acquisitions or business growth opportunities arise.

Optimism surrounding FID’s progress

FID believes that the recent expansion of the programming team and the latest system development offers commercialisation opportunities for the company.

FID’s Fastrack, the market-leading Platform Administration System, offers an automated solution for advisers for investment execution and client registry, while the Financial Planning Software, FORCe, delivers efficiency.

Source: © Jwohlfeil | Megapixl.com

The company’s principles of People, Planet and Profit stand firm and the company is driven by a focus on delivering a better experience for its client from a growing financial adviser network.

Moreover, FID’s management and Board remain optimistic about the future growth of the company and anticipate that the expanded network of financial advisers to deliver funds flows beyond the recent record-breaking year.

Bottom Line

The company intends to make significant efforts toward the distribution of new products and services along with an intention to engage in acquisitions of client bases.

FID’s Board remains optimistic and confident about the future of the business. Moreover, the company is continuously striving to strengthen through organic growth and acquisitions of client bases that can benefit from FID’S process.

FID stock was noted at AU$7.010 on 04 October 2022.