Retail and wholesale funds under management and advice (FUM/A) increased by 7.6 per cent to $1.1 trillion in the 12 months to September 2015, according to DEXX&R.
Retail FUM/A increased by $78 billion in the 12 months to September 2015, with the strongest growth in the retirement incomes segment which saw a 10.7 per cent increase in funds under management for the period, said DEXX&R.
Macquarie saw the largest increase in the year to September 2015, up 10.5 per cent to $77.2 billion.
AMP saw its FUM/A increase 9.5 per cent to $141.6 billion, NAB was up 5 per cent to $148 billion, and CBA recorded a 4.4 per cent increase to $139.5 billion.
However, during the September 2015 quarter total retail and wholesale FUM/A decreased by 1.4 per cent or $15 billion, reflecting the overall decrease recorded in most market segments during the period.
The retirement incomes segment also recorded a decrease of 1 per cent, or $2 billion, to $164 billion during the September 2015 quarter.
"Over the 12 months to September 2015 FUM/A increased by 10.5 per cent or $15.8 billion, up from $150 billion at September 2014 to $165.8 billion at September 2015.
"Of the top five managers AMP recorded a 12.5 per cent increase in FUM/A to $31.2 billion. CBA recorded an increase of 9.2 per cent to $40.7 billion and NAB recorded a 9.0 per cent increase to $22.1 billion," said DEXX&R.