MFG started as HUB has - HUB24 has continued to grow strongly...

MFG started as HUB has -

1. HUB24 has continued to grow strongly with funds under administration (FUA) increasing by 46% during the half year ended 31 December 2014 to $1.25bn. Further growth in the current half has already increased FUA to $1.4bn and the company continues to be a leader in the rapidly growing SMA and managed portfolios market with 45% of FUA invested via these options.
   Adviser uptake is increasing and the company continues to innovate having recently refreshed it’s already award winning online interfaces to provide an even better experience for advisers and customers. This follows the recent significant expansion of the platform’s product choices across investments, term deposits and insurance providers to underpin HUB24’s truly open architecture approach to offering unrivalled choice for independently minded advisers.
   Chairman of HUB24 Mr Bruce Higgins, in commenting on the result said “HUB24 continues to grow rapidly due to our market leading investment and superannuation platform which has been recognised as one of the top three platforms in Australia in the recent Investment Trends report2. We are now ranked as the sixth highest in annual net inflows for wrap providers and have the highest net inflow growth rate among our peers according to Plan for Life research3”.
   During the half year HUB24 acquired the Paragem boutique advice licensee with some 50 advisers located across the country. Integration of the business is complete and strategic benefits are starting to arise. The entry into the advice space is expected to result in a further enhancement of HUB24’s rapid growth, diversification of the company’s revenue streams and continued improvements to platform functionality, which will be highly valued by the broader independently mi