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Showing 11 - 20 of 35 results for "total FUA"

Nearly $9bn leaves Perpetual

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... under administration (FUA) grew to $1.26 trillion, up 1.1% on the December quarter. The wealth management unit's total FUA was $21 billion, up 2% on the prior quarter, driven by net inflows of $0.9 billion but offset partially by a $0.4 billion impact ...

Clients' evolving circumstances a 'key barrier' for advisers: Netwealth

MATTHEW WAI  |  THURSDAY, 10 APR 2025
... of 29% from the previous corresponding period. The figure is a "new third-quarter record", Netwealth said, while the total FUA increased $2.5 billion in the quarter, representing $104.1 billion FUA as at March 31. Notwithstanding the ongoing market volatility ...

Netwealth, Praemium see inflows soar

ELIZA BAVIN  |  THURSDAY, 23 JAN 2025
... Meantime, Praemium reported quarterly net inflows of $371 million, up from $139 million in the quarter ending September 30. Total FUA was up 29% to $62.1 billion. Praemium chief executive Anthony Wamsteker said the launch of new products as well as the ...

HUB24 share price, FUA skyrocket

KARREN VERGARA  |  TUESDAY, 15 OCT 2024
... quarter to September and $3.1 billion of positive market movements. Competitor Netwealth is not far behind, reporting a total FUA to $95.4 billion. HUB24 has a total of 4720 advisers using its platform. Retail comprises the lion's share of FUA at 85%. ...

Netwealth FUA soars, names new chief financial officer

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
Netwealth has reported a record quarterly increase in funds under administration (FUA) of $7.4 billion bringing total FUA to $95.4 billion thanks to new inflows and positive market movements. Total funds under management (FUM) also rose an impressive ...

Netwealth records $78bn FUA, flags departure

JAMIE WILLIAMSON  |  MONDAY, 29 JAN 2024
... financial officer. In a quarterly update, Netwealth said a $6 billion increase in FUA in the December quarter has pushed its total FUA to $78 billion. This included $2.6 billion of net inflows, up 25% on the prior corresponding period. Outflows decreased ...

Powerwrap bleeds $334m in outflows

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2024
... licence will continue at a similar rate for a further six to nine months." Praemium ended 2023 with $48.3 billion in total FUA, 12% more than the prior corresponding period. Despite the massive outflows, Powerwrap's total assets rose by 5% to $12.5 billion ...

HUB24 sets sights on $100bn FUA

KARREN VERGARA  |  TUESDAY, 16 JAN 2024
... morning, the investments platform announced it hit $91.2 billion at the end of December 2023, up 25% year on year. Of the total FUA, some $72.4 billion comes from platform services, while Portfolio, Administration and Reporting Services (PARS) comprises ...

Fiducian eyes IFAs, South Australia for inflows

KARREN VERGARA  |  MONDAY, 14 AUG 2023
... advisers. Fiducian's funds under advice (FUA) increased by 5% to $4.6 billion year on year. IFAs account for 14% of total FUA. "Efforts are underway to build new relationships and increase net inflows from non-aligned financial adviser groups, in ...

Praemium sees record earnings jump

CHLOE WALKER  |  MONDAY, 27 FEB 2023
... EBITDA of $11.4 million - up 52% for the period. The company's revenues increased by 17% or $35.4 million, while total FUA was up 6% to $42.7 billion. Its FUA is made up of $20.9 billion on its platform (up 7%), $9 billion in separately managed accounts ...