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Company News Summary

HUB24 Provides Quarterly Business Update

10 Oct 2017  |  09:21:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Strong Start to FY18 - FUA now at $6.1b

HUB24 provided quarterly business update. The Company has continued to increase its market share with the latest available data indicating for the year ended 30 June 2017, it achieved 9.37% level of annual net inflows and the Company's market share of FUA has grown from 0.62% as at 31 March 2017 to 0.72% at 30 June 2017. Retail Funds under Administration (FUA) are $6.1b up from $5.5b at 30 June 2017. 8 new licensees signed distribution agreements and 47 new advisers were introduced to the platform during the quarter.

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