Positive quarter sees CC Capital Insignia bid on track

Insignia Financial’s quarterly update to the Australian Securities Exchange (ASX) goes a long way to explaining why the CC Capital takeover bid remains substantially on track.

The update underscored the degree to which the company’s strategy is delivering with a 3.1% increase in funds under management and administration (FUMA) to $340.5 billion and with total net inflows into the firm’s Wrap of $1.3 billion.

Importantly, the bottom line for the company’s remaining financial advice exposure via Shadforth Financial Group was positive with Insignia chief executive, Scott Hartley noting that the firm had continued to scale its national footprint with the acquisition of Victorian boutique firm, PMD Financial Advisers.

He said the completed transaction had brought nearly 400 clients into the Shadforth network while adding more than $700 million in funds under advice.

The company’s divisional analysis emphasised the positives noting that Wrap FUA was up 4.1% to $107.1 billion, Master Trust FUA was up $2.7% to $138.8 billion and Asset Management FUA was up 2.5% to $94.6 billion.

However, the commentary did note much of the positivity within the Master Trust business was related to positive market movement which had been partially offset by net outflows of $785 million and pension payments of $351 million.

With respect to Asset Management, the update said FUM as at 30 September 2025 increased by $2.3 billion to $94.6 billion (+2.5%), driven by positive market movement of $1.9 billion (+2.0%) and net inflows of$448 million.

“In Multi-Asset, net inflows of $696 million were driven by $420 million in net inflows into MLC’s MultiSeries and Index Plus funds, primarily from the MLC Expand Essential platform, as well as continued advisor take up of MLC’s contemporary Managed Accounts solutions, which received $214 million in net inflows during the quarter.

It said $248 million in net outflows from Direct Capabilities were driven primarily by the termination of an institutional mandate within the Intermede Global Equities capability, partially offset by inflows into Antares Fixed Income from institutional client rebalancing.