HUB24 Limited (ASX:HUB) Investor Strategy Day Highlights Growth
Company Strategies and Market Position
HUB24 Limited (ASX:HUB) outlined its strategic plans and market position during its Investor Strategy Day. The company reported significant progress in market share, ranking first for annual platform and retail superannuation net inflows. The Group Executive team detailed growth across the HUB24 Platform, Class, and NowInfinity, alongside investment in innovative technology solutions.
Operational Highlights
The company achieved record fund under administration (FUA) with total figures reaching $113 billion, driven by a reported net inflow of $4.0 billion in Q1 FY25. HUB24 noted a 104% increase in platform FUA over the last three years, reflecting strong demand for its services. CEO Andrew Alcock emphasized, “We are uniquely positioned to capture significant opportunities arising from a new wave of transformation in the wealth industry.”
Future Growth Outlook
In reinforcing its growth outlook, HUB24 plans to further entrench its market presence by capitalizing on emerging trends in the financial services industry. The company aims to grow net inflows exceeding $11 billion annually by FY26. Management remains optimistic about increasing market share in Australia’s structurally growing markets, supported by a strong relationship with financial advisers.
Investment in Technology
HUB24 continues to invest in technology, enhancing its client portal services through innovative solutions like HUBconnect and virtual mailroom services. These investments are critical for driving operational efficiencies and enhancing the client experience.
Increasing Shareholder Value
The company noted a 40-60% targeted dividend payout ratio and is committed to maintaining strong cash flows, which support ongoing investments and shareholder value growth.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24. The Motley Fool Australia has recommended Hub24. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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