HUB24 has confirmed that it has exceeded $1 billion in Funds Under Administration (FUA) on its investment and superannuation platform.
HUB recently released its results for 30 June 2014 with FUA of $854 million as at that date. In the quarter ending 30 June we recorded net inflows[1] of $118 million and in the subsequent months of July and August we achieved net inflows combined of $112 million. Compared to the PCP this is an increase of 50.4%.
The company also reported an increase in the number of active advisers of 46% from FY13 to FY14.