Boutique platform provider Hub24 has reached $5 billion in funds under administration, largely driven by flows from financial advisers.
In a statement on the ASX yesterday, the platform provider said its investment and superannuation platform reached $5.05 billion in FUA.
The milestone has been achieved through ongoing support from advisers, clients, shareholders and staff, the company said.
“Reaching $5 billion in FUA is a significant achievement for both Hub24 and for our industry. It’s an accolade for choice, innovation, value and great technology,” said Hub24 managing director Andrew Alcock.
“These factors, as well as client demand for heightened control, flexibility and transparency are representative of the ongoing transformation of wealth management for all stakeholders.
“Hub24 has tripled in size over the last two years and we are continuing to grow rapidly. We value the support of all of our clients and business partners who fuel our commitment for further innovation every day.”
Read more:
NAB taking false signatures 'very seriously'
OneVentures hires healthcare specialists
There is a growing demand for sustainable finance from institutional investors, according to the big four bank. ...
AMP could face further risks according to analysts at Morgan Stanley, with the negative flow trends across the wealth giant expected to cont...
The wealth and trustee arm of MyState, TPT Wealth, has seen a slight increase of 1 per cent during the first quarter of financial year 2021,...
Subscribe to our newsletter
Copyright © 2020 Investor Daily
Get notifications in real-time for staying up to date with content that matters to you.
Read More