Generation Development Group (ASX:GDG) Releases March Quarterly Update
Financial Performance
Generation Development Group (ASX:GDG) reported a significant increase in funds under management (FUM) from $25.4 billion in December to $26.8 billion in March. Lonsec Investment Solutions contributed $13.3 billion in FUM, reflecting a 28% rise from the previous corresponding period (PCP). Net inflows reached $685 million, marking a year-on-year increase of over 325%.
Strategic Acquisitions
The successful acquisition of Evidentia Group has established GDG as the market leader across all segments of the managed accounts sector. The integration of Lonsec Investment Solutions, Implemented Portfolios, and Evidentia is progressing as planned, with key milestones being met. Evidentia Managed Accounts continues to secure new client mandates, ensuring a healthy pipeline for FY26.
Business Segment Performance
Generation Life strengthened its leadership in the investment bonds market, achieving $3.95 billion in FUM, up 23% on PCP, and record quarterly inflows of $239 million, a 55% increase. Lonsec Research and Ratings also saw substantial revenue growth, supported by advancements in private markets, equity, and income research.
ASX 200 Milestone
GDG reached the milestone of becoming an ASX 200 company, reflecting its sustained growth, strategic focus, and disciplined execution. This achievement underscores the company’s strong position in the financial services industry.
Executive Comments
Grant Hackett OAM, Group Chief Executive Officer of Generation Development Group, stated, “We are incredibly proud to have reached the milestone of becoming an ASX 200 company — this is a strong reflection of the sustained growth, strategic focus, and disciplined execution that have defined GDG in recent years. We look forward to building on this momentum and continuing to deliver outstanding performance in the years ahead.”
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Generation Development Group. 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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