HUB24 posts strong result off record inflows
HUB24 has posted a strong first half with net profit after tax up 39% to $25.1 million.
The platform provider said that total funds under management (FUM) had grown to $91.2 billion with platforms FUM increasing to $72.4 billion.
The company highlighted the fact that it had been a record half year for net inflows which were up 26% to $7.2 billion.
The company said that the number of advisers using the platform had increased to 4,297, up 16% from the first half of 2023 with 70 new distribution agreements having been signed.
Commenting on the result, HUB24 CEO, Andrew Alcock said that given the strong performance the board had announced an 18.5 cents per share interim dividend, fully franked.
Govts disastrous failures. 20 years of morons in Canberra and look at the results. Housing & Fin Advice two very…
The PHD in economics is the scariest. How many academics actually understand the real world
Money is leaving at a slower rate with this being considered by AMP management as a positive. Australia's Money Pit…
"Our recently launched digital advice solution for AMP Super members is providing simple, intuitive retirement advice at no extra cost.”…
Assistant to Bill Shorten...FoFA, A time when dozens of submissions were made, 90 odd submissions ranging from clients be sent…