Financials
Fiducian Group Limited (FID)
Fiducian Group Limited is a diversified Australian financial services company providing a suite of integrated products and services. The company operates through four main divisions: Financial Planning, Platform Administration (Funds Administration), Funds Management, and Sal-Tech (Superannuation Services). It serves individuals, corporate clients, and a network of financial advisers across Australia.
Market Cap
A$343M
Shares on Issue
N/A
Price Chart
AI Analysis
Fiducian Group has demonstrated resilient performance, primarily driven by growth in its total Funds Under Management, Advice, and Administration (FUMA). Recent financial results have typically shown steady growth in revenue and net profit, supported by a combination of positive net fund inflows and successful acquisitions of smaller financial planning businesses. Key metrics for the company are its FUMA growth rate, management expense ratio (MER), and planner numbers, all of which have been trending positively, reflecting its successful strategy in a consolidating industry. The company is known for its strong balance sheet and a consistent history of paying fully franked dividends.
The company's growth outlook is underpinned by a multi-faceted strategy. A key pillar is the ongoing consolidation of the Australian wealth management industry, where Fiducian is well-positioned to continue its 'roll-up' strategy of acquiring financial planning practices from advisers exiting the industry. Organically, growth is expected to come from attracting new planners to its network and leveraging its integrated platform to increase funds per client. Long-term demographic tailwinds, such as compulsory superannuation and an aging population requiring retirement advice, provide a favourable backdrop for sustained demand for its services.
Bull Case
- • Integrated business model provides multiple, recurring revenue streams and creates high client stickiness, reducing reliance on any single market segment.
- • Proven 'roll-up' acquisition strategy in a fragmented financial advice market allows for inorganic growth by purchasing client books at attractive multiples.
- • Strong balance sheet with low debt and a consistent, fully franked dividend history appeals to income-focused investors and signals financial discipline.
Bear Case
- • High sensitivity to investment market volatility, as a significant portion of revenue is fee-based and directly tied to the value of Funds Under Management (FUMA).
- • Significant regulatory risk within the Australian financial advice sector; any adverse changes to compliance, licensing, or fee structures could increase costs and compress margins.
- • Competition from larger, better-capitalised institutions and the emergence of low-cost digital advice platforms could pressure fees and market share over the long term.
Recent Announcements
Details of FY2026 H1 Results Briefing
Ceasing to be a substantial holder
Becoming a substantial holder
FAQs
What does FID do?
Fiducian Group is an integrated financial services company that operates four key divisions: Financial Planning (providing advice through a network of planners), Platform Administration (managing investment platforms), Funds Management (creating and managing investment funds), and Superannuation Services (providing administration solutions).
Is FID a good investment?
FID can be considered a good investment for those seeking exposure to the wealth management sector with a consistent dividend stream. Its strengths lie in its integrated model and successful acquisition strategy. However, as a small-cap stock, it carries risks, including high sensitivity to market downturns which impact its fee revenue, and the ever-present threat of increased regulation in the financial advice industry.
What drives FID's share price?
FID's share price is primarily driven by three factors: 1) Growth in its total Funds Under Management, Advice, and Administration (FUMA) from both market movements and net inflows, 2) The success and frequency of its acquisitions of financial planning businesses, and 3) Overall profitability, which is influenced by operating margins and regulatory compliance costs.
Key Metrics
Related Stocks
Financials
CBACommonwealth Bank of Australia
A$159.28
5.5% 1Y
Commonwealth Bank is Australia's largest retail bank with leading positions in mortgages, deposits, and digital banking.
Financials
NABNational Australia Bank
A$44.05
29.5% 1Y
NAB is a leading Australian bank with a strong business banking franchise and retail exposure.
Financials
WBCWestpac Banking Corporation
A$39.91
26.4% 1Y
Westpac is a major Australian bank with retail, business, and institutional banking operations.