4,886 advisers using HUB24

Nearly a third of Australian financial advisers are using the HUB24 platform, according to the company’s latest update to the Australian Securities Exchange.

HUB24 announced yesterday that a total of 4,886 advises were using the platform, up 166 in the second quarter representing a 14% increase over the prior corresponding period.

According to the latest analysis from WealthData, there are currently just under 15,500 advisers on the Financial Adviser register.

HUB24 reported its second quarter highlights as being record quarterly platform net inflows of $5.5 billion, up 23% over the prior corresponding period, including $1.5 billion of large migrations from Equity Trustees.

It said total Funds Under Administration reached $120.9 billion as at 31 December, up 33%.

The company said the half-year net inflows of $9.5 billion reflected HUB24’s continued market leadership and focus on delivering customer service excellence.

It said the strong net inflows and market movements in the half were tracking ahead of its FY26 FUA target assumptions.