Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 40 results for "Platform FUA"

HUB24 shutters Xplore Wealth MDA services

ANDREW MCKEAN  |  TUESDAY, 21 JAN 2025
... of Xplore Wealth MDA to its underlying EBITDA is "immaterial." HUB24 also reported "strong growth" in Q2 FY25 with platform FUA increasing 8% over the quarter to $98.9 billion as at 31 December 2024 (up 36% on the prior corresponding period) -driven ...

HUB24 share price, FUA skyrocket

KARREN VERGARA  |  TUESDAY, 15 OCT 2024
... arrangements, HUB24 said. "With a strong pipeline across all customer segments, we remain confident in meeting our FY26 Platform FUA target of $115-$123 billion and are well-positioned for future growth." HUB24 entered a custody and technology solutions ...

HUB24 sees profits jump 15%

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... cents per share, to be paid on October 11. Total funds under administration (FUA) were up 30% to $104.7 billion with platform FUA increasing to $84.4 billion - up 35%. The number of advisers using the HUB24 platform increased 13% to 4525 with 142 new ...

Praemium loses $700m due to adviser transitions

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
... reported a strong quarter. Total funds under administration (FUA) rose 22% to $53.3 billion and the addition of OneVue Platform FUA of $4.1 billion brought total Platform FUA to $28.4 billion. The acquisition of the OneVue Wealth Platform from Iress ...

Iress sells platforms business

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... adds greater scale and significantly enhances our ability to improve operating margins." He expects Praemium's platform FUA to lift by 18% to $26.9 billion once the takeover completes. Iress reported a $137 million loss in the first half of the 2024 ...

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... dividend of 18.5 cents per share to be paid on October 13. Moving forward, the platform provider will target a revised platform FUA range of $92-100 billion by 2025.

Equity Trustees enlists HUB24 for custodial platform admin

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
... 18 months, with further updates pending final agreements. According to a recent ASX announcement, HUB24's current platform FUA target guidance for FY24 remains unchanged at $80 to $89 billion. HUB24 also ranked first for quarterly and annual net inflows ...

HUB24 grows FUA to $73bn

ANDREW MCKEAN  |  TUESDAY, 21 FEB 2023
... results for 1H23, with the financial services provider's funds under administration (FUA) growing to $73 billion. Platform FUA increased to $55.8 billion while portfolio administration and reporting services (PARS) decreased to $17.2 billion at 31 December ...

HUB24 posts record platform inflows

ANDREW MCKEAN  |  TUESDAY, 19 JUL 2022
... increased its market share to 5.1% as of March 2022. It's also ranked first in terms of percentage growth in platform FUA year on year. In the Q4 FY22 result, HUB24 also gave investors a business update where it said that its digital reporting feature ...

HUB24 continues growth trajectory

ELIZABETH MCARTHUR  |  TUESDAY, 22 FEB 2022
... under administration for HUB24 grew to $68.3 billion, with $50 billion of that on the platform. It is significant platform FUA growth on the previous year, with $50 billion representing an increase of 128%. The platform had net inflows in the period ...