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#ASX Announcement 19/1/21
Added 3 months ago

HUB24 achieves record quarterly net inflows and progresses strategic transactions

December Quarter FY21

Highlights .

• Custodial Platform Funds Under Administration (FUA) of $22 billion as at 31 December 2020 (up 38.7% on pcp) with total FUA of $31 billion (including $9.3 billion of non-custodial FUA)

• Record platform quarterly net inflows of $1.7 billion (an increase of 36.7% on pcp) up $360 million from the September quarter

• Completed Ord Minnett Portfolio Administration Reporting Service (PARS) acquisition in November

• Proposed Xplore Wealth acquisition progressing well with first court hearing completed in December

• Executed transaction implementation deed, technology partnership agreement, and Paragem Share Sale Agreement for Easton transactions in December

• Completed $50 million fully underwritten institutional placement and $20 million Share Purchase Plan

• Announced agreement with IOOF to develop a range of product solutions

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