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.
More overreach by ASIC suggesting it knows better than trustees how to invest, and in what assets. And embarrassingly again…
Sure Andy, please draft a submission. Or get the AIOFP or FAAAAAAA to draft one and we all lodge it…
I would encourage as many advisers as possible to lodge their own submission https://treasury.gov.au/consultation/c2025-625248 Let Treasury know we're no happy…
I thought this was APRA's job? This is a very curious development.
Typical mismanagement of the economy by yet another useless labour government. Here we are once again picking up the tab…