Fiducian (FID) Investor Presentation H1 2024-25 Results

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Stock Fiducian Group Ltd (FID.ASX)
Release Time 17 Feb 2025, 8:27 a.m.
Price Sensitive Yes
 Fiducian (FID) Investor Presentation H1 2024-25 Results
Key Points
  • Net inflows of $186 million in first half from aligned financial advisers
  • Funds Under Administration (FUAdm) increased by 23% to $3,788 million
  • Funds Under Management (FUM) increased by 25% to $5,717 million
Full Summary

Fiducian Group Ltd has reported strong growth in its platform administration and funds management businesses during the first half of FY2025. The company's core Fiducian platform saw net inflows of $186 million from aligned financial advisers, with almost 100% of new inflows invested through the Fiducian platform and in Fiducian multi-manager funds. Funds Under Administration (FUAdm) increased by 23% to $3,788 million as at January 2025, compared to the six-month average to December 2023. This is potentially contributing to an additional $2 million in annualised revenue. The company's Auxilium and Badges platforms also gained momentum, with $28 million in net inflows during the half-year (excluding IFA outflows of $34 million from the core platform). Funds Under Management (FUM) increased by 25% to $5,717 million as at January 2025, compared to the six-month average to December 2023, potentially contributing an additional $5 million in annualised revenue. Fiducian's funds have continued to deliver strong long-term performance, with the majority of its diversified funds ranked in the top decile to top quartile over various time periods. The company's financial planning business also saw growth, with inflow targets raised for financial advisers and revenue targets raised for salaried advisers. Fiducian's FinTech capabilities, including its in-house platform administration and financial planning software, continue to underpin the company's successful business model.

Guidance

Funds Under Administration (FUAdm) increased by 23% to $3,788 million as at January 2025, potentially contributing an additional $2 million in annualised revenue. Funds Under Management (FUM) increased by 25% to $5,717 million as at January 2025, potentially contributing an additional $5 million in annualised revenue.