More than silverware for Modoras’ 25th Anniversary

Media Release: November 2008 

Most people celebrate 25 years with the giving of silverware but Modoras Financial Performance Group has celebrated by achieving recognition as one of the top ten financial planning businesses in Australia.

Judged by Independent Financial Advisors Magazine, the proclaimed voice of the financial planning industry, the awards recognise excellence by assessing the ‘health’ of the business across a range of criteria by an independent panel of experts.

Group Managing Director Peter Sarai is thrilled with the acknowledgement, which is held in high-esteem by his peers.

“Our growth has been a strategic evolution during which we have constantly strived to keep Modoras at the top of the game and it’s rewarding to know that our strategic vision is acknowledged by the captains of industry,” Mr Sarai said.

While the company is pleased to receive the recognition, it shall not rest on its laurels, and has its sights firmly set on galvanising growth of the independent financial business.

To mark the success of the 25 year milestone, Modoras will celebrate by investing back into the company and has recently undergone a major reinvention of its corporate identity.

“Earlier this year we embarked on a business evolution that transformed the company from FinancialLine to Modoras Financial Performance Group which underpins our two service offerings FinancialLine and StrataStream,” said Mr Sarai.

“The two services satisfy the varying needs of our different clientele. FinancialLine focuses on lifelong strategies and solutions such as wealth accumulation and superannuation.

StrataStream offers clients a tailored approach, delivered in close partnership with their existing professional advisers and is most suited to high net worth individuals, family groups and SME businesses.

“The corporate restructure is a significant step toward embracing the future and supporting the needs of our diverse and expanding client base,” Mr Sarai said.

“A large part of our role is to educate our clients so they are empowered to make informed and logical decisions, while assessing any opportunities or threats in the market objectively. The end purpose is to ensure our clients reach their financial goals sooner.”

The company has grown from humble beginnings to a staff of more than 20 and currently manages funds under advice in excess of $270million, a figure which cements their position as one of the top financial service providers [or the financial planning providers] in south east Queensland. Mr Sarai says that while the company has weathered historic changes in the financial climate, these challenges have only asserted Modoras’ position within the industry and created a hunger within the team to achieve outstanding financial outcomes for clients.

“Only a few years after establishing the business in Australia we were hit with the 1987 crash and although it was a difficult time for us we learnt a lot of valuable lessons that have only made us stronger,” Mr Sarai said.

“We definitely don’t spend valuable time worrying about the ‘what ifs’, but instead develop strategies for the continual refinement of our services and it’s this approach which has given us the edge.

“It’s our priority to prepare Modoras for the next 25 years and we definitely have our sights set in one direction and one direction only: the future,” he said.

For more information on the Modoras Financial Performance Group please visit www.modoras.com

For more information contact Jita Sarai, Associate Director at Modoras on (07) 3219 2555 or via email at jita.sarai@modoras.com .