Fiducian Reports $102 Million Core Platform Inflows and $15.6 Billion Funds Under Management

Quarterly Performance Overview

Fiducian Group Limited (ASX, FID) has voluntarily lodged its Appendix 4C cash flow report for the quarter ending 30 September 2025, providing a snapshot of its financial health and operational momentum. The company reported a stable net inflow of $102 million to its core Fiducian platform, closely mirroring the $101 million inflow from the same quarter last year. This consistency underscores Fiducian's ability to maintain client engagement and asset growth in a competitive wealth management landscape.

Meanwhile, the badged platform and Auxilium fund balance reached $256 million, with net inflows slowing to $5 million compared to $22 million in the prior year’s quarter. This deceleration may reflect shifting client preferences or market conditions impacting these segments.

Legacy IFA Outflows and Funds Under Management Growth

Notably, the legacy Independent Financial Adviser (IFA) segment experienced net outflows of $25 million, nearly doubling the $13 million outflow from the previous year’s quarter. This trend could signal ongoing client migration away from legacy channels or structural changes within Fiducian’s adviser network.

Despite these outflows, Fiducian’s total funds under management, administration, and advice rose significantly to $15.6 billion, up from $14.2 billion a year earlier. This growth highlights the company’s success in attracting and retaining assets across its broader platform offerings.

Cash Flow and Financial Position

From a cash flow perspective, Fiducian reported positive net operating cash flow of $1.64 million for the quarter, reflecting operational stability. Investing activities used $0.48 million, while financing activities accounted for a net outflow of $8.3 million, primarily related to repayments and lease obligations. The company ended the quarter with a robust cash and cash equivalents balance of $27.8 million and no drawn debt facilities, positioning it well for future operational needs.

Payments to related parties, including director remuneration and franchisee transactions, totaled $412,000, consistent with prior disclosures and arm’s length commercial arrangements.

Looking Ahead

Fiducian’s voluntary disclosure of this quarterly report, while not mandated by ASX rules, signals a commitment to transparency and investor engagement. The steady inflows and growth in funds under management suggest the company is navigating market challenges effectively, though the increased outflows from legacy IFAs warrant close attention. How Fiducian adapts its strategy to these dynamics will be key to sustaining momentum in coming quarters.