HUB the new MFG, page-8

DYOR but from where I sit I think these guys are starting to get some runs on the board with the investor platform they have developed. The new business they are winning looks impressive. The entity is completely changed from the broker operation that was divested at a big loss in 2013. They took the medicine when they divested and appear to be onto a winning path with the platform. These guys don't administer funds as do mfg but appear to track fua as a yardstick as to how much their platform is being used. MFG get management and performance fees I assume Hub get licence fees for their platform so I guess in both cases fua is a relevant yardstick for performance just that both companies earn their living by different ways of milking the fua cow.