HUB24 Limited
(ASX:HUB) has reported record gross inflows for the second quarter of FY2016 of $403 million, taking Funds Under Administration to $2.37 billion.
The growth represented an 89 per cent increase in FUA for the 12 months to 31 December 2015.
The financial services company says its experiencing accelerated and reliable growth from increasing flows from longer standing licensees, in addition to significant inflows from newer licensees.
The company also says the business is on track to be cash flow positive on a monthly basis by March 2016.
HUB 24 reported a net loss of $6.46 million at 30 June 2015.
