Sales agreement for credit union with financial services group

People’s Choice is one of Australia’s largest credit unions with over 390,000 members, $9.7 billion in total assets, approximately 900 employees and branches in South Australia, Northern Territory and Victoria.

Piper Alderman was pleased to advise People’s Choice on its entering into a sales agreement with specialist financial services organisation, Fiducian Group Limited (ASX:FID), under which People’s Choice’s financial planning business, with approximately $1.1bn in funds under advice, will be transferred to Fiducian.

Piper Alderman’s experience in the financial services sector enabled the team to oversee each aspect successfully.

What our client said:

Taryn Shearn, Chief Legal Officer & Company Secretary of People’s Choice said:

“The agreement with Fiducian follows a thorough and detailed review into how to most effectively support our financial planning members over the long-term. The support provided by James Dickson and the team at Piper Alderman has been integral to the success of the transaction.”