Making the difference to each life
Sarai Financial Services (now Modoras Pty. Ltd.) was established in 1984 in the southern suburbs of Brisbane as a home-based business.
Sarai Financial Services (now Modoras Pty. Ltd.) was established in 1984 in the southern suburbs of Brisbane as a home-based business. From the beginning, Peter Sarai was driven by the belief that still guides Modoras today: that achieving more is possible. Clients appreciated the fresh approach to financial planning and the business grew exponentially. By the late 1980s, Peter was consistently ranked as one of the top revenue producers in Queensland.
Still, he was not satisfied with the limitations and fundamental shortfalls of clients’ investment risk and financial possibilities. Successfully applying for an Australian Financial Service licence in 1997, allowing him at last to break free of financial institutional thinking and create more opportunities for clients to increase their wealth and lifestyle possibilities.
Rebranded as FinancialLine, the next years marked an incredible period of growth for the company. Frustrated by the multiple, inefficient software applications required by our business practices, in 1997/1998 Peter began the design of Evolution, a comprehensive financial business software system which was one of the first online business platforms of its kind.
FinancialLine continued to perform well, but Peter envisioned something even bigger: a transformation of the business to include a private wealth offering. In 2008, Modoras Financial Performance Solutions was born, supported by two service streams, FinancialLine and StrataStream. Two additional business innovations followed: the creation of Enevita, our white label portfolio management tool.