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Showing 61 - 70 of 396 results for "FUA"

HUB24 sees profits jump 15%

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... group will pay a fully franked dividend of 19.5 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 ...

Acquisitions boost WT Financial Group results

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... $2 million. Some 75 wealth and personal risk insurance practices joined WTL, adding about $5 billion to funds under advice (FUA). The WTL advice networks, which also comprises Wealth Today, Sentry Advice, Synchron Advice, had more than $23 billion in ...

Netwealth FUA nears $90bn

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
A mixture of inflows and market rally helped boost Netwealth's funds under advice (FUA), jumping 25.2% to $88 billion in the year to June. The growth comprised net inflows of $11.2 billion and market movement of $6.5 billion, buoyed by the 143,251 ...

Adviser profits up despite client loss: Investment Trends

KARREN VERGARA  |  TUESDAY, 30 JUL 2024
... While recent fee increases led to substantial client attrition, this has resulted in higher earnings and funds under advice (FUA). FUA has grown by 10% year on year to $69 million on average for the 1732 practices surveyed. A small group of advisers ...

Perpetual net outflows top nearly $9bn

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... institutional money arrived in the September quarter. Perpetual's Corporate Trust business had funds under administration (FUA) reach over $1.2 trillion as at June 30. The wealth management division's FUA was $19.8 billion, reporting net inflows ...

Market pessimism over Insignia 'overblown'

ELIZA BAVIN  |  WEDNESDAY, 29 MAY 2024
... "Comparable peers like HUB24 and Netwealth have achieved higher profitability despite having less funds under administration, or FUA, than Insignia." Ler said he still expects revenues to decline over the long term, but at a manageable rate. "First ...

Fortnum, PFS launch parent company

KARREN VERGARA  |  MONDAY, 22 APR 2024
... while Fortnum took on PFS and its 155 representatives. Australian Unity's advice unit had $11.2 billion in funds under advice (FUA) at the end of June 2023. Entireti's chief executive Neil Younger said Fortnum and PFS will "continue to operate under ...

Praemium loses $700m due to adviser transitions

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
... adviser exits," he said. Despite the large outflows, Praemium still 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 ...

HUB24 hits $100bn milestone

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... owns Xplore Wealth, Class, and myprosperity, surpassed the $100 billion milestone at the end of March. Some $79.7 billion in FUA, up 34% year on year, came directly from the platform. Its Portfolio Administration and Reporting Services' (PARS) FUA ...

Netwealth's share price rises following strong inflows

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... Netwealth's share price increased over 2% as the investment platform announced a $84.7 billion in funds under administration (FUA) as of March 31. The increase marks a $6.7 billion increase for the quarter, driven by $2.7 billion in net inflows and $4 ...