HUB24 FUA soars over $164bn

HUB24 performed soundly in the quarter ending 30 June 2026, with total funds under administration (FUA) increasing 20% from the previous corresponding period to $164.3 billion.

The total FUA comprised platform FUA of $139.5 billion (up 24%) and portfolio, administration and reporting services (PARS) FUA of $24.8 billion (up 5%), reflected by net inflows of $4.2 billion, alongside positive market movements of $7.5 billion in the quarter.

The momentum in FY26 has also resulted in "record" annual net inflows of $18.9 billion, up 20% from the $15.8 billion in FY25 excluding large migrations, HUB24 said.

"In the context of market volatility and the recent tax changes proposed in the Federal Budget, the net inflows were stable on the previous corresponding period when excluding large migrations, with year-on-year growth in superannuation net inflows offset by lower net inflows into investor directed portfolio services (IDPS)," HUB24 explained.

During the quarter, the platform also increased agreements with 36 new licensees, bringing the total number of advisers on platform to 5649, growing 11% from the same period last year.

HUB24 said strong demand for financial advice is underpinned by demographic trends and the superannuation sector, while the Budget has further reinforced the need for professional guidance.

"With these structural growth drivers and a strong pipeline of opportunities across new and existing relationships, HUB24 is well positioned to deliver ongoing growth," HUB24 said.

Meanwhile, the number of accounts across Class Super, Class Portfolio and Class Trust as at 30 June 2026 was 226,767, increasing by 11,092 (or 5%) during FY26, which was the largest annual increase since FY18. Document orders on NowInfinity also increased to 245,359 (up 15%) with the number of companies using corporate messenger increasing to 943,039 during the quarter.

HUB24 noted both businesses have continued to deliver innovative solutions and enhanced operations and efficiency for the platform that resulted in the growth.

"Our integrated non-custodial service and private invest solutions, designed for high-net-worth clients, are gaining traction with advisers, with FUA (including custodial and non-custodial assets) exceeding $1 billion as at 30 June 2026," HUB24 added.

"HUB24 continues to invest to deliver innovative solutions that enable advisers to support a range of client needs, which is expanding our reach and supporting increased net inflows."

The period also saw the platform launching a new lifetime super solution in a partnership with TAL, as it continues to expand its range of retirement options.