Plan B holds ground
Financial planning group, Plan B Holdings has defied recent market volatility to report an increase in funds under management or advice (FUMA).
The company notified the Australian Securities Exchange today that FUMA had increased by 1.1 per cent over the financial year to stand at $1.75 billion.
However, it acknowledged that over the closing quarter of the financial year, FUMA had decreased by 2.2 per cent, reflecting the current market environment.
Commenting on the result, Plan B managing director Denys Pearce said that the company’s net profit after tax for financial year 2008 would be in line with that previously indicated by the company in its March quarter FUMA announcement.
AUTHOR
Mike Taylor
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