Count platform FUA grows 30 per cent
Funds under advice in Count Financial’s recommended platforms grew by $1.45 billion to $6.23 billion in the 12 months to December 31, last year, a 30 per cent increase on the corresponding period in 2005.
This growth in recommended platform funds under advice — which is also reported to have increased by 15 per cent for the half-year to December 31, last year — compares to a 25 percent growth in the All Ords Accumulation Index.
Funds in the recommended BT/Westpac administration platforms totalled $6.23 billion at December 31, last year, a 15 per cent increase, and $1.44 billion for the Skandia platforms, an increase of 43 per cent.
Count’s total funds under advice (including direct shares but excluding direct property) grew provisionally over the 12 months to $12.4 billion, an increase of 22 per cent, while total combined funds and loans under advice grew 24 per cent to $14.91 billion.
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