Hub24 adding $1b in investor funds each month
Wealth management technology firm Hub24 added $3.6 billion in investor funds to its various platforms in the December quarter, buoyed by a $350 million injection from competitor IOOF.
The ASX-listed fintech experienced record inflows over the three-month period, taking its total net inflows for the half-year to $6.7 billion and total funds under administration to $68.3 billion. It grew its market share to 4.6 per cent, up from 4.3 per cent in June.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles