HUB24 (ASX:HUB) sees record FY24 Q3 inflows, surpasses $100B funds under administration goal

Investment advice company HUB24 announced a record third quarter for FY24, with platform net inflows up 90% to $3.5 billion, including $800,000 from the Equity Trustees migration program.

Total funds under administration reached $100 billion as of March 31, a 30% increase year-over-year.

The growth is attributed to market sentiment and an expanded adviser network of 4,382.

HUB24 aims to achieve FY25 funds under administration target of $92 billion to $100 billion.