Slowing Growth

In tracking their monthly funds under management, september was a much lower growth month. Less than half the FUM growth in their retail product than prior months.

Is it that they are reaching maturity in the australian market already? or are users working out that when they get accounts over $4k its just cheaper to buy the ETF's and not pay a management fee to raiz.

Board and Management buy small parcels of shares doesnt combat the sizeable options and performance shares given.

Lastly with one of their largest share holders selling down, it doesnt look good for selling pressure over the next few months. They didnt get their quick return from IPO and so are rolling out and moving on.