HUB24 (ASX:HUB) platform net inflows rose 39% year on year to AU$4.9 billion in the fiscal third quarter ended March 31, according to a Tuesday filing with the Australian bourse.
This included AU$1.3 billion of large migrations from ClearView WealthFoundations, per the filing.
Funds under administration (FUA) rose 24% to AU$124.1 billion as of March 31, with Platform FUA reporting a 29% increase and Portfolio, Administration, and Reporting Services FUA logging a 6% increase.
Hub24 expects to migrate about AU$900 million of the equity trustees in the fiscal fourth quarter, the filing stated.
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