Hub24 posts 9% lift in Q3 inflows to $4b
The news: Superannuation platform Hub24 reported a 9% year-on-year increase in its platform inflows to $4 billion in the third quarter of FY26, driven by strong retail net inflows.
The numbers: Total funds under management (FUA) rose 22% to $151.7 billion.
The company reported an 11% increase in new licensee agreements during the quarter, taking the total number of advisers on the platform to 5,549.
The context: Hub24 said stronger net inflows in the March quarter were supported by year-on-year growth in retail inflows, partly offset by a one-off institutional outflow.
The company said it ranked first for quarterly and annual net inflows for a ninth consecutive quarter, and its market share rose to 9.7% as at 31 December.
HUB24 also exercised an option to acquire HTFS Nominees, the trustee of its super fund, subject to regulatory approval.
The source: ASX