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HUB24 Announces Platform Hits $10bn Milestone

08 Jan 2019  |  10:28:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: HUB24 platform hits $10 billion milestone

HUB24 announced the investment and superannuation platform has reached a new funds under administration (FUA) milestone of over $10bn at 31 December 2018. In the six months following financial year ended 30 June 2018, where the platform finished the year with $8.3bn in FUA, it is continuing to experience growth and maintained the fastest rate of growth in the industry in percentage terms relative to its size. It has grown from $2.4bn in FUA on platform to over $10bn. During the same 3-year period, the number of advisers using the platform has increased from 556 to 1,456.

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