HUB24 reports platform net inflows of $4B

Full story: https://grafa.com/en/news/australia/hub24-reports-platform-net-inflows-of-4b

HUB24 reached total funds under administration of $168.8 billion as of Sept. 30, supported by platform net inflows of $4 billion.
Platform net inflows fell 23% compared to the prior corresponding period, while platform funds under administration grew 18% year-on-year to $143.7 billion.
The company stated that ongoing advice on industry transformation and shifting demographics continues to create structural growth opportunities across its platform services.

HUB24 (ASX:HUB) reported total funds under administration of $168.6 billion for the first quarter of FY27, driven by quarterly platform net inflows of $4 billion.

The quarterly net inflows reflected a 23% decline compared to the prior corresponding period, though platform funds under administration grew 3% over the quarter and 18% year-on-year.

HUB24 stated that these net inflows represent a strong start to the financial year despite a subdued macroeconomic environment.

The business recorded positive market movements of $0.2 billion alongside 45 new licensee agreements signed during the quarter.

HUB24 stated that structural demand for financial advice and regulatory tax changes are expected to support long-term growth in superannuation funds.

Following the announcement, the HUB24 share price was up at $64.57.

HUB24 operates as an Australian financial services provider delivering investment and superannuation platform solutions to advisers and investors.

The group expanded its platform reach during the period by adding 211 advisers, bringing its total active platform advisers to 5,860.

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$4B","html":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/18d7d722476b694e5ed1dc34d963db64\" tg-width=\"1920\" tg-height=\"1080\"></p>\n<p>Full story: https://grafa.com/en/news/australia/hub24-reports-platform-net-inflows-of-4b</p>\n<ul>\n <li>\n  <p>HUB24 reached total funds under administration of $168.8 billion as of Sept. 30, supported by platform net inflows of $4 billion.</p></li>\n <li>\n  <p>Platform net inflows fell 23% compared to the prior corresponding period, while platform funds under administration grew 18% year-on-year to $143.7 billion.</p></li>\n <li>\n  <p>The company stated that ongoing advice on industry transformation and shifting demographics continues to create structural growth opportunities across its platform services.</p></li>\n</ul>\n<p style=\"text-align: start;\">HUB24 (ASX:HUB) reported total funds under administration of $168.6 billion for the first quarter of FY27, driven by quarterly platform 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