HUB24 records $1.9bn inflows
HUB24 records $1.9bn inflows
The investment platform has lured almost $2 billion in net inflows over the March quarter, with its acquisitions driving its growth and its platform funds more than doubling from a year prior.
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HUB24’s total funds under administration (FUA) now sits at $51.4 billion, including the newly acquired Xplore Wealth, which contributed $17.2 billion.
The total has more than tripled from March 2020, up by 236.7 per cent.
Xplore’s team has now transitioned across to join HUB24, with the merged entity working on building its future operating model. The company is already offering combined product solutions to new prospects.