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Showing 21 - 30 of 35 results for "total FUA"

Managed account market reaches $175bn

CHLOE WALKER  |  FRIDAY, 27 MAY 2022
... the new research indicates that managed accounts continue to be the driving force in Australia's platform market. Total FUA now sits at $175 billion. In March, IMAP estimated the market to be at $131 billion as at 31 December 2021. Of the past five ...

Record FUA, revenue for Praemium

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... failed to make a profit in the half-year to December. The platform's revenue increased by 25% to $39.2 million, while total FUA increased by 43% to $49 billion. The rise in FUA was largely driven by the Australian platform business and virtually ...

HUB24 FUA up on acquisitions

ANNABELLE DICKSON  |  TUESDAY, 20 APR 2021
... significant increase in funds under administration (FUA) as it integrates its recent acquisitions into the business. HUB24's total FUA has reached $51.4 billion with Xplore Wealth contributing $17.2 billion to this figure. Platform FUA is up 136% on ...

HUB24 lifts inflows, profit flat

ANNABELLE DICKSON  |  TUESDAY, 23 FEB 2021
... addition, platform underlying EBITDA grew 26% to $17.4 million while group underlying EBITDA rose 41% to $16.4 million. Total FUA which includes the newly acquired Portfolio Administration and Reporting Service (PARS) from Ord Minnett, reached $31 billion. ...

Netwealth cash margin could squeeze

KANIKA SOOD  |  FRIDAY, 19 FEB 2021
... investors became more comfortable in moving back into the markets. At September end, they represented over 9% of Netwealth's total FUA. The platform provider yesterday reported strong growth in revenue and NPAT. Its inflows were strong as well and well-diversified ...

Linear pushes MGP into the red

KARREN VERGARA  |  MONDAY, 3 SEP 2018
... to the merger, Linear had $9 billion of FUA and its managed accounts business contributed about $2 billion. Overall, total FUA stood at $13.09 billion for the period, representing a 524% jump year-on-year. Chief executive David Heather said: "We continue ...

Netwealth doubles managed account FUM

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2018
... experienced a $2.7 billion increase in funds under administration for the first half. That 21% rise brings Netwealth's total FUA growth over the 2017 calendar year to $5.7 billion - an increase of 58%. The net profit after tax was recorded at $14.1 million ...

Managed accounts continue rapid surge

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2017
... accounts in their various forms have become. They now amount to the equivalent of nearly 7% of the platforms and wraps total FUA of around $600 billion." The census surveyed 35 companies of varying size, including major platforms, banks and single location ...

Retail FUA growth drives HUB24 profit

KERRIE SYDEE  |  MONDAY, 29 AUG 2016
... by 94% to $3.31 billion in FY16, with the company recording a gross profit of $10.9 million, up 125%. HUB24 recorded total FUA of $3.78 billion at 30 June 2016, comprising retail FUA $3.31bn, new revenue streams for wholesale FUA of $313 million and ...

HUB24 FUA up 84pc

KERRIE SYDEE  |  TUESDAY, 31 MAY 2016
... the industry in Australia. Growth is spread across both the company's retail platform offering, accounting for 54% of total FUA, and across licensee white label products. Flows into the platform are being generated from an increasing range of active ...