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.
Recommended for you
As the government announces a public inquiry into the collapse of Dixon Advisory, risk adviser Richard Silberman has detailed the three areas that typically lead to an AFSL's collapse.
With a growing number of advisers now running their own business, they need to pivot their career identity to being a business owner rather than just as a financial adviser if they want to futureproof their business.
Zenith Investment Partners has launched a range of new managed account portfolios over the past quarter, including on Insignia Financial’s Expand platform.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.