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Showing 1 - 10 of 20 results for "total FUA"

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 ...

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 ...
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