Increase in FUM this quarter
Total funds under management, administration and advice (FUMA) had an overall increase of 5.2 per cent last quarter, reaching $2.15 billion as at 30 September 2010, according to data released by the wealth management advisory firm Plan B.
The company noted FUMA held on Plan B’s platforms as at 30 September increased by 4.5 per cent to $1.66 billion, representing more than three quarters of total FUMA.
Plan B said it benefited from the general improvement in global investment markets during the quarter and “remains well placed to expand from its existing financial base”.
AUTHOR
Milana Pokrajac
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