HUB +3.07%: delivered another solid quarterly update, highlighted by strong platform net inflows and growing adviser numbers.
- Platform Net Inflows: $5.58bn (+2.3% YoY)
- Total FUA: $152.3bn (+26% YoY)
- Platform FUA: $127.9bn (+29% YoY)
- Platform Gross Inflows: $9.26bn (+14% YoY)
- Advisers on Platform: 5,277 (+8% YoY)
HUB also flagged its intention to internalise the trustee role of the HUB24 Super Fund, with due diligence underway on acquiring the current trustee entity (HTFS Nominees, a subsidiary of Equity Trustees (EQT). This would strengthen vertical integration, control, and economics across its fast-growing retail superannuation offering.
While YoY inflow growth has normalised from last year’s exceptionally strong base, the absolute level of flows remains outstanding, running at an annualised rate of over $20bn. Valuation is full, however, the long-term compounding story remains firmly on track.
MM remains long and bullish HUB
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