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Showing 1 - 10 of 100+ results for "FUA"

Fiducian acquires Adelaide adviser's FUA

KANIKA SOOD  |  TUESDAY, 11 MAY 2021
Fiducian Financial Services paid $495,000 to acquire $23 million of advice assets from a North Adelaide adviser exiting the industry. The dealer group acquired the assets for a Tasmanian financial planner in its network, who is relocating from Tasmania ...

Mainstream bidding heats up

ANNABELLE DICKSON  |  THURSDAY, 6 MAY 2021
... quarterly results which recorded $272.2 billion in funds under advice, as its Pendal win and inflows delivered a 21% uptick in FUA from the previous quarter. The administrator currently has 348 clients and 1042 funds at March end, up 1% (five net new ...

Mainstream posts record quarter

KANIKA SOOD  |  MONDAY, 26 APR 2021
... administrator ended March with $272.2 billion in funds under advice, as its Pendal win and inflows delivered a 21% uptick in FUA from the previous quarter. Mainstream has 348 clients and 1042 funds at March end, up 1% (five new net clients) and 13% (162 ...

HUB24 FUA up on acquisitions

ANNABELLE DICKSON  |  TUESDAY, 20 APR 2021
The platform has recorded a 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. ...

Netwealth FUA crosses $40 billion

KANIKA SOOD  |  FRIDAY, 16 APR 2021
... 2021 with $41.8 billion in funds under administration, an increase of 50% over the prior corresponding period. Net inflows in FUA slowed down from $3.2 billion in previous corresponding period to $2.3 billion. Netwealth attributed this to $900 million ...

Managed accounts prop up platforms

ANNABELLE DICKSON  |  FRIDAY, 16 APR 2021
... for wraps. BT remains the largest ownership group in the platform market with $139 billion in funds under administration (FUA), making up 19% of the platform market at the end of December 2020. It is followed by AMP and Colonial First State with $126 ...

Praemium FUA up, opens Edinburgh office

ANNABELLE DICKSON  |  THURSDAY, 15 APR 2021
The platform has recorded increased funds under administration (FUA) of $37.9 billion as it expands its presence in the UK with the opening of an office in Edinburgh, Scotland. For the March quarter, Praemium recorded an 11% increase in FUA, and a 96% ...

HUB24 lifts inflows, profit flat

ANNABELLE DICKSON  |  TUESDAY, 23 FEB 2021
... to its half-year results. Platform inflows jumped 24% to $3.1 billion on the 12 months prior while funds under management (FUA) grew 39% to $22 billion and segment revenue grew 25% to $43.8 million. HUB24's statutory profit rose to just $6.1 million ...

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 ...

Mainstream to pay $5.1m settlement

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
... which includes Australia, Singapore and Hong Kong, contributed 74% to total revenue. The Australian custody division's FUA grew 67% to $16.4 billion. The Americas (US and Cayman Islands) accounted for 20% of revenue, while Europe (Ireland, the Isle ...
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