HUB24 hits $10 billion funds milestone

Company News

by Anna Napoli

Financial advice platform, HUB 24 (ASX:HUB) has hit a new funds under administration (FUA) milestone of $10 billion as at 31 December 2018.

The company says despite challenging financial markets, its market-leading platform has continued to grow in the first six months of the financial year, driven by strong flows from both existing advisers and new relationships.

Since 2015 the company has grown from $2.4 billion in FUA to over $10 billion.

HUB24 MD Andrew Alcock says he's delighted the company has maintained its position as the platform provider with the fastest growth rate in the market.

Shares in HUB24 (ASX:HUB) trading 5.2 per cent higher at $12.28.

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.