Portfolio management company, HUB24 (ASX:HUB) has announced record net inflows for financial year 18 of $2.4 billion, an increase of 24 per cent on the prior corresponding period.
The company’s June quarter net inflows were $739 million making it the second highest quarter on record.
Funds under administration of $8.3 billion as at June 30.
During the quarter the company announced 22 new licenses signed distribution agreements, including Fitzpatricks Private Wealth Management.
Shares in HUB24 (ASX:HUB) closed 0.16 per cent lower to $12.79 yesterday.