I concur with timber1956's suggested numbers. It seems like any investment platform would easily cost more than 15-20mil to develop - before they go into production.
That said, it's not impossible to build it with less, but certainly requires a highly experienced team who knows exactly what they going to create - e.g. Hub24 team. They have built a number of successful platforms over the past 10-15 years.
In terms of FUM growth and profitability, I can't help but try and compare it with Praemium. Welcome any thoughts on this..
Long for now!
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