The growth of custodial platform FUA for the quarter, which increased by $3 billion, included positive market movement of $1.2 billion.
While the average monthly net inflows to date of $514 million were up from $412 million for FY20 and represented a 25% growth, the strong net inflows were seen across all client segments including larger national accounts and the broker segment, as well from boutiques and self-licensed advisers.
“HUB24’s new business pipeline continues to growth with 24 new licensee agreements signed during the December quarter, with both large boutique licensees and self-licensed practices,” HUB24 said in an announcement to the Australian Securities Exchange (ASX).