HUB24 (ASX:HUB) reported record Q3 FY25 net inflows of $4.9 billion, a 39% increase compared to the prior corresponding period, driving its platform funds under administration to $102.5 billion, up 29% from last year.
Excluding a large $1.3 billion migration, net inflows were still a record $3.6 billion for the quarter.
The company's strong growth was underpinned by 28 new distribution agreements and a 14% rise in the number of advisers using the platform, reaching 5,015.
HUB24 was ranked first for both quarterly and annual net inflows, with a market share increase of 8.3% as of December 2024.
Despite recent market volatility, HUB24's business remains resilient, supported by a growing demand for financial advice driven by demographic shifts and government-mandated superannuation.
The company also launched platform enhancements, including the addition of five new portfolio managers to its Discover offer and the introduction of flexible cash payment options.
HUB24 continues to invest in innovation with new integrations, such as expanding share registry data coverage to 97% of ASX-listed companies.