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Last edited 3 years ago
PerformanceCommunity EngagementCommunity Endorsement
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#Bull Case
stale
Added 3 years ago

I can't speak to HUB24 as my money is in NWL, and they are certainly not seeing a slowdown in growth of FUA, quite the opposite. Almost all (91%) of their growth in FUA in FY21 was from existing advisers, so future growth is not predicated on more advisers defecting from the majors, but more likely from the clients of those advisers defecting to independent financial advisers.