Ann: HUB24 continues with record inflows for the third quarter-HUB.AX, page-2

HUB24 CONTINUES WITH RECORD INFLOWS FOR THE THIRD QUARTER
Quarterly business update
Highlights
 Record quarterly net inflows1 to HUB24’s investment and superannuation platform of $363m ‐
up 123% on pcp2
 Funds under administration (FUA) of $2.7bn at 31 March 2016 up 80% on pcp (now $2.8bn)
 Fortnum white label launched and transition on schedule with $150m transferred to HUB24 in
March
 Secured white label partnership with Lifespan
 HUB24 now offering Managed Discretionary Account (MDA) administration services for MDA
operators
Accelerating growth in FUA and net inflows
HUB24 reports record net inflows for the third quarter of FY2016 of $363m, taking FUA to $2.7bn.
The growth represents a 123% increase in net inflows over the prior corresponding period and is a
very pleasing result given the March quarter is traditionally the weakest quarter for net inflows.
FUA growth was an increase of 80% over the prior corresponding period and now stands at $2.8bn.
The result was achieved in the context of market volatility and challenging investor sentiment given a
fall in the ASX200 by 13.7% for the year ended 31 March 2016 and a fall of 4.2% for the quarter.

Business update
HUB24 continues to invest in product development and staffing to support ongoing growth as the
company looks to convert a strong pipeline of significant opportunities. During the quarter HUB24
signed seven new distribution agreements with licensees and hired 3 new sales staff to support
demand for our market leading Investment and Superannuation platform.
The recently launched international model portfolio offering is being expanded with several world
class investment managers choosing to offer their portfolios on HUB24.
Additionally, HUB24 is now offering administration services for Managed Discretionary Account
(MDA) operators and the company is well positioned to take advantage of the foreshadowed
changes to MDA and limited MDA regulatory requirements. Additional new business opportunities
may arise to support current providers that are impacted by the changes.
Fortnum Financial Group transition
A white labelled IDPS service and Super/Pension service was rolled out to Fortnum Financial Group
(Fortnum) during the quarter under the e‐Clipse brand. The service includes five new customised
managed portfolios for Innova Asset Management. The solution also encompasses a non‐custody
reporting service which is ideal for clients seeking an integrated view of all their assets.
During March, Fortnum transitioned the first tranche of approximately $150 million within their MDA
service to HUB24. A further $450m is expected to be transitioned in tranches during the June quarter
which will move into retail custody (MDA, IDPS or Super) and the non‐custody reporting service.
White label partnership with Lifespan
During March HUB24 announced a new white label partnership with Lifespan Financial Planning.
Lifespan is one of Australia’s largest privately owned financial planning networks supporting more
than 110 offices throughout Australia with more than $1.5 billion under advice. The service will be
open to new investments from May.