Hub24 reaches $5bn milestone

Platform provider Hub24 has announced it reached $5 billion in funds under administration thanks to support from financial advisers. In a statement on the ASX this morning, Hub24 said its investment and superannuation platform has reached $5.05 billion in FUA.

Hub24 reaches $5bn milestone

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Last Updated: 30 May 2017 Published: 30 May 2017

The milestone has been achieved through ongoing support from advisers, clients, shareholders and staff, the company said.

"Reaching $5 billion in FUA is a significant achievement for both Hub24 and for our industry. It's an accolade for choice, innovation, value and great technology," said Hub24 managing director Andrew Alcock.

"These factors as well as client demand for heightened control, flexibility and transparency are representative of the ongoing transformation of wealth management for all stakeholders.

"Hub24 has tripled in size over the last two years and we are continuing to grow rapidly. We value the support of all of our clients and business partners who fuel our commitment for further innovation every day."