HUB24 announces record net inflows for financial year 18

Company News

by Anna Napoli

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Last Updated: 17/02/2020 12:28 PM

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.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.