HUB24 Limited has delivered platform net inflows of $4.0 billion in the March 2026 quarter, demonstrating continued momentum despite challenging market conditions. When adjusted for large migrations, this represents 9% growth compared to the prior corresponding period, underscoring the strength of underlying demand for the platform’s services. The company’s total funds under administration reached $151.7 billion as at 31 March 2026, up 22% year-on-year, with platform FUA comprising $127.8 billion of this total.
The results reflect HUB24’s dominant market position within Australia’s wealth management industry. The company ranked first for quarterly and annual net inflows for the ninth consecutive quarter according to Plan for Life data, capturing the largest quarterly and annual market share gains of all platform providers. Market share increased to 9.7% as at 31 December 2025 from 8.3% in the prior period, positioning HUB24 as the sixth largest platform by FUA. This consistent outperformance suggests the company is winning business at the expense of competitors and successfully attracting advisers to its ecosystem.
Platform growth was supported by strong retail net inflows, though institutional flows were impacted by a one-off outflow from a single institutional client in March. The company added 37 new licensee agreements during the quarter and expanded its adviser network by 272 practitioners to reach 5,549 total advisers, up 11% year-on-year. This growth in adviser numbers is particularly significant as it expands HUB24’s distribution reach and provides a pipeline for future asset growth. The adviser base expansion, combined with new product recognition including an award for Best Platform Overall and Best in Platform Managed Accounts Functionality, suggests positive momentum heading into the next financial year.
PARS, the company’s non-custodial administration services division, also performed solidly with FUA reaching $23.9 billion, up 11% year-on-year. The number of PARS accounts increased 8% to 9,344. Meanwhile, HUB24’s Class and NowInfinity product lines showed healthy progress, with Class Super, Class Portfolio and Class Trust accounts rising 4% to 222,469, while document orders on NowInfinity increased 17% to 239,551.
The quarter’s results were achieved despite platform FUA being flat over the three-month period, reflecting substantial negative market movements of $4.1 billion that offset the strong $4.0 billion net inflows. This demonstrates HUB24’s resilience in structurally growing markets driven by compulsory superannuation contributions and demographic trends. The company also exercised a call option for the acquisition of HTFS Nominees Pty Limited, the current trustee for the HUB24 Super Fund, signalling investment in vertical integration.
Investors should monitor whether HUB24 can sustain these net inflow levels in coming quarters and whether adviser growth continues at similar rates. The institutional outflow in March warrants watching to determine if this was genuinely one-off or signals changing institutional dynamics. This announcement has been flagged as price sensitive and material by the ASX.
View the full ASX announcement (PDF)
About HUB24 Limited (ASX: HUB)
HUB24 Limited is an Australia-based provider of investment and superannuation platform services for financial advisers, stockbrokers, accountants and their clients. The company operates through its Platform segment, which offers integrated portfolio administration and investment management services, and its Tech Solutions segment, which provides cloud-based wealth accounting software and technology solutions. The company is headquartered in Sydney, Australia.
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