Perpetual AUM rises to A$224b as wealth sale advances

• Perpetual Limited (ASX:PPT) lifted total Assets Under Management to A$224.4 billion in Q4 FY26, up 2.3% from A$219.2 billion at 31 March 2026.
• The group said net outflows of A$12.3 billion were more than offset by positive market movements of A$17.5 billion, while Corporate Trust Funds Under Administration rose 2.4% to A$1.35 trillion.
• Perpetual (ASX:PPT) expects FY26 expense growth at the lower end of its 1–2% guidance range, continues impairment testing and said the Bain Capital wealth sale remains on track for completion in Q4 2026, subject to approvals.

Perpetual Limited (ASX:PPT) reported Q4 FY26 total AUM of A$224.4 billion, up 2.3% over the quarter, as market gains offset net outflows across its boutiques and Corporate Trust and Wealth Management businesses each recorded growth in Funds Under Administration.

The company said Asset Management AUM rose from A$219.2 billion to A$224.4 billion, supported by A$17.5 billion of positive market movements and broadly flat currency.

Net outflows of A$12.3 billion were concentrated in Barrow Hanley, TSW and Pendal as clients adjusted portfolios amid geopolitical and economic uncertainty.

“We delivered another quarter of growth across the business, with Corporate Trust continuing to perform strongly, Asset Management benefiting from positive market movements despite flow challenges, and Wealth Management reporting FUA growth and net inflows as it prepares for new ownership under Bain Capital,” said Perpetual Chief Executive Officer and Managing Director Bernard Reilly.

Perpetual reported that Corporate Trust FUA increased 2.4% to A$1.35 trillion, with Debt Market Services FUA up 3.3% to A$754.2 billion.

Managed Funds Services FUA up 1.2% to A$595.0 billion, and Digital and Markets AUA up 7.9% to A$638.6 billion as Data Warehouse, Perpetual Intelligence and Fixed Income Intelligence services expanded.

The group said Wealth Management FUA rose 5% to A$22.1 billion, supported by A$0.9 billion of market recovery and A$0.1 billion of net inflows.

Perpetual confirmed it is progressing conditions precedent for the agreed sale of its Wealth Management business to Bain Capital for upfront consideration of A$500 million plus up to A$100 million in potential additional payments.

This included ACCC approval, AFSL variations from ASIC and court processes to transfer assets and liabilities, and reiterated that while the transaction remains targeted for completion in Q4 2026, timing is not guaranteed.

The company also noted it has acquired a 70% stake in Interfi Systems Pty Ltd and will fully consolidate Interfi in its FY26 accounts, expects dividends paid from 2H26 earnings to be unfranked, and aims to be net‑debt free on a pro‑forma basis after the wealth sale.

At the time of reporting Perpetual’s share price was AUD 19.79.