Fiducian Group's statutory NPAT increased 22% to $15M for FY24, attributing the growth to rising markets and positive net inflows.
Fiducian Group, an Australian financial services firm, reported a 22% increase in its statutory net profit after tax (NPAT) to $15 million for FY24, up from $12.3 million in the previous year. The company attributes its success to rising markets and positive net inflows from its adviser network. Fiducian Group has funds under administration of $3.5 billion, an increase from $3.2 billion in the previous year. It plans to generate inflows through organic and inorganic growth, with further acquisitions of client bases under negotiation. Shares in the business have risen 18% since the start of 2024 and are up 19% over one year.
August 15, 2024
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