HUB24 CEO Andrew Alcock today announced the June quarter update and advised the company recorded Net Inflows of $117.7m for the period. This boosted FUA at the end of the quarter to $853.8m, and represents an increase of 122% over the past 12 months. FUA continues to grow in July with FUA as at 22 July 2014 of $902m.
Commenting further on the results, Andrew Alcock said, ”These increased flows are from HUB24’s existing client base, new advisers from existing clients as well as new flows from the white label IDPS & Super versions of the platform launched in December 2013 for Premium Wealth Management, Interprac and Total Financial Solutions”.
Highlights of HUB24’s results for the June quarter are as follows –
