HUB24 (ASX:HUB) confirms that it has exceeded $1 billion in Funds Under Administration (FUA) on its investment and superannuation platform.
We would like to take this opportunity to thank all clients, shareholders and staff in supporting us in reaching this important milestone.
HUB recently released its results for 30 June 2014 with FUA of $854 million as at that date. In the quarter ending 30 June we recorded net inflows[1] of $118 million and in the subsequent months of July and August we achieved net inflows combined of $112 million. Compared to the PCP this is an increase of 50.4%.
The company also reported an increase in the number of active advisers of 46% from FY13 to FY14.
Media Contact
Andrew Alcock
Chief Executive Office
HUB24 Limited
Phone: 02 8274 6000