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Highlights
- Platform inflows reach record $4.9 billion
- Adviser network grows to over 5,000
- Funds under management rise to $102.5 billion
Investment platform Hub24 (ASX:HUB) has recorded its highest-ever quarterly platform inflows, signaling strong momentum and growing market adoption. The standout result for the March quarter was largely driven by a $1.3 billion client fund migration from ClearView WealthFoundations to Hub24’s superannuation product.
Even when excluding this substantial transition from ClearView Wealth, Hub24’s platform flows rose impressively—up 33% from the previous quarter to $3.6 billion. This growth highlights an underlying strength in the business, beyond one-off fund movements, reflecting broader demand for its investment and superannuation offerings.
Hub24 has continued to expand its reach within the financial advice community. Over the three-month period, the company signed 28 new distribution agreements. These agreements contributed to a significant boost in the number of advisers using its platform, which increased by 129 to a total of 5,015. This uptick demonstrates the platform’s growing appeal among financial professionals seeking integrated investment solutions.
Platform funds under management (FUM) also increased, rising by 4% on a quarter-on-quarter basis to reach $102.5 billion. This growth in FUM is not only a reflection of net inflows but also suggests improving investor confidence and engagement with Hub24’s services.
The record inflows come amid a competitive landscape where digital platforms are rapidly evolving to meet changing adviser and investor needs. Hub24’s continued innovation, alongside its expanding adviser base, has positioned it as a key player in Australia’s wealth management ecosystem.
ClearView Wealth (ASX:CVW), which was the source of the large fund migration during the quarter, is streamlining its own platform offerings and aligning with more scalable partners. This strategic shift helped contribute to Hub24’s inflow milestone and reflects broader trends in the wealth management industry toward consolidation and platform efficiency.
Looking ahead, Hub24 appears well-positioned to maintain its growth trajectory. Its expanding distribution network, increasing adviser engagement, and consistent FUM growth suggest continued momentum in the quarters ahead.
The latest results reflect not only record-breaking inflows but also a deeper footprint in the adviser community—factors that could play a key role in shaping Hub24’s ongoing strategy and market standing.
