Fiducian has been a long running, high ROE financial planning business/ fund manager/ platform business which is founder led. Investors have done very well over the long term.

My concern has always been it is all vertically integrated and the conflicts of interests that entails - most Fiducian advisers (salaried of franchisee) would recommend the Fiducian platform and that clients then invest in Fiducian managed funds - not sure how that sits with the 'best interest' obligation. "Show me the incentive and I'll show you the outcome.” - Charlie Munger

That said they escaped the Royal Commission (with which all the recommendations are now being wound back in any case) and they've avoided all the scandals unlike Dixon Advisory which came unstuck with a similar model and now costs the industry thousands in levies.

Given the conflicts wonder what would happen if Indy Singh does retire and what a less ethical manager might do in future.