Fiducian Group Announces FY2026 Financial Results and $7.95 Million ASIC Penalty Settlement
Fiducian Group reports FY2026 results, $6.05B assets, and a $7.95M ASIC penalty settlement approved by "NSW Supreme Court".Summary
Fiducian Group released its FY2026 investor presentation, reporting Funds Under Management of $6,055 million, Funds Under Administration of $4,308 million, and Funds Under Advice of $5,510 million, reflecting growth across the Core, Auxilium, and Badges platforms. The company recorded net inflows of $264 million in FY2026, though IFA net outflows from Core were $85 million. A NSW Supreme Court‑approved settlement on 11 August 2026 requires its subsidiary Fiducian Investment Management Services Ltd to pay a combined pecuniary penalty of $7,300,000 plus $650,000 in ASIC costs, totaling $7.95 million. The court found breaches of the ASIC Act and Corporations Act but determined no direct loss to retail investors and that the contraventions were not deliberate. The filing also noted workforce updates, revenue targets, and ongoing platform administration metrics.
(Source：Kalkine Media)