Insignia Financial’s FUMA Climbs 3.1% to $340.5 Billion in Q1 FY26
Insignia Financial reported a 3.1% rise in Funds Under Management and Administration to $340.5 billion, driven by strong net inflows into its Wrap platform and strategic enhancements to its MLC offerings. The company also completed a key custody transition and unveiled a refreshed MLC brand campaign.
- FUMA increased by $10.2 billion (3.1%) to $340.5 billion as of September 30, 2025
- Net inflows of $1.0 billion primarily from the Wrap platform
- Launch of MLC Retirement Boost and Expand Essential+ investment menu
- Successful transition of custody services from NAB to BNP Paribas
- Progress on Scheme of Arrangement with CC Capital expected in early 2026
Strong Growth in Funds Under Management and Administration
Insignia Financial has reported a solid start to its fiscal year 2026, with Funds Under Management and Administration (FUMA) rising by $10.2 billion, or 3.1%, to reach $340.5 billion as at 30 September 2025. This growth was primarily driven by $1.0 billion in net inflows, notably $1.3 billion flowing into the Wrap platform, which offset $785 million in outflows from the Master Trust segment.
The Wrap platform's performance was bolstered by positive market movements and strong underlying inflows, reflecting investor confidence in Insignia’s multi-asset offerings. Meanwhile, the Master Trust segment saw modest net outflows, partly due to internal transfers and pension payments, but continued to attract workplace and direct channel inflows.
Enhancements to MLC Expand and Brand Relaunch
In August 2025, Insignia Financial launched significant enhancements to its MLC Expand platform, including the introduction of the MLC Retirement Boost and the Expand Essential+ investment menu. These additions aim to provide investors with more tailored, low-cost investment options, complementing the existing suite of managed funds and model portfolios.
October saw the relaunch of the iconic MLC brand with a new campaign titled “A Lifetime in the Making.” This campaign encourages Australians to rethink superannuation and retirement planning by focusing on the actions they can take today. The brand refresh coincided with improved direct-to-consumer digital functionality, positioning MLC as a modern, consumer-focused wealth management brand.
Operational Milestones and Strategic Progress
Operationally, Insignia Financial completed a major custody services transition for MLC Wealth, moving from NAB Asset Servicing to BNP Paribas. This migration involved $150 billion in funds under management and marks the culmination of the company’s custody consolidation program, following a prior transition of OnePath Funds Management assets.
On the strategic front, Insignia continues to advance its Scheme of Arrangement with CC Capital, with regulatory approvals and shareholder votes anticipated in the first half of calendar 2026. The company remains committed to keeping shareholders informed as the process unfolds.
Additionally, Insignia’s advice business expanded its footprint through the acquisition of PMD Advisers, a boutique financial firm in Victoria specialising in high-net-worth clients, adding over $700 million in funds under advice and nearly 400 clients.
Looking Ahead
CEO Scott Hartley highlighted that the quarter’s achievements align with Insignia’s Vision 2030 strategy to become Australia’s leading and most diversified wealth management company. The combination of strong inflows, product innovation, brand revitalisation, and operational efficiencies positions the company well for sustainable growth throughout FY26.
Bottom Line?
Insignia’s momentum in client inflows and strategic initiatives sets the stage for a pivotal year ahead, with regulatory milestones and market reception to the MLC relaunch in focus.
Questions in the middle?
- How will the Scheme of Arrangement with CC Capital impact Insignia’s capital structure and growth prospects?
- What are the expected client retention and acquisition trends following the MLC brand relaunch?
- How will the custody transition to BNP Paribas influence operational costs and service delivery?
