HUB24 Posts $4 Billion Net Inflows as It Moves to Acquire Super Fund Trustee

Sustained Momentum Despite Market Headwinds

HUB24 Limited (ASX:HUB) kept the growth taps flowing in Q3 FY26, reporting platform net inflows of $4.0 billion. This figure marks a 9% increase on the prior corresponding period when excluding large migrations, underscoring the platform’s resilience amid market volatility that saw a $4.1 billion drag on funds under administration (FUA) during the quarter. Total FUA stood at $151.7 billion as of 31 March 2026, a solid 22% rise year-on-year, with platform FUA itself up 25% to $127.8 billion.

While institutional inflows were dented by a one-off client outflow in March, retail net inflows surged, reflecting HUB24’s growing appeal to advisers and their clients. The platform added 272 active advisers in the quarter, lifting the total to 5,549 – an 11% increase over the previous year. This adviser growth is a key driver of HUB24’s expanding footprint in the wealth management space.

Market Share Gains and Industry Accolades

Data from Plan for Life confirms HUB24’s dominant position, ranking first for quarterly and annual net inflows for the ninth straight quarter. The platform’s market share climbed to 9.7% as of December 2025, up from 8.3% a year earlier, making it the sixth largest platform by FUA in Australia. This momentum builds on the company’s earlier achievements, including a record $5.6 billion inflows in Q2 FY26 and a market share of 9.3% reported in January 2026.

HUB24’s accolades continue to pile up, with the platform winning Best Platform Overall for the fourth consecutive year and Best in Managed Accounts Functionality in nine of the last ten years, according to the Investment Trends 2025 report. Its Engage reporting solution also earned praise as the best new feature for client outcomes, while recent multi-step transition enhancements have been lauded as industry-leading innovations that streamline complex advice strategies.

Strategic Acquisition of Trustee Entity

In a significant strategic move, HUB24 exercised its call option to acquire HTFS Nominees Pty Limited, the trustee for the HUB24 Super Fund currently owned by EQT Holdings. The acquisition, subject to APRA and other regulatory approvals, is expected to complete by the end of 2026. HUB24 indicated the transaction will have a nominal purchase price and is not anticipated to materially impact EBITDA in FY27 and beyond.

This trustee acquisition consolidates HUB24’s control over its super fund governance, potentially streamlining operations and enhancing alignment with its broader platform strategy. The company will maintain a collaborative relationship with EQT throughout the transition to ensure regulatory compliance and governance standards are upheld.

Innovation Fuels Client Engagement Across Businesses

Beyond the core platform, HUB24’s Class and NowInfinity businesses also reported solid growth. Class accounts rose 4% to 222,469, while NowInfinity saw a 17% jump in document orders and an 11% increase in companies using its Corporate Messenger service. Class launched a new AI-powered SMSF Financial Reporting Tool, showcasing the group’s ongoing commitment to leveraging technology to improve client outcomes.

Meanwhile, HUB24 enhanced its managed portfolio offering with integrations for third-party rebalancing, and upgraded its third-party managed fund clearing capability to broaden investment options for high-net-worth clients. These product innovations are designed to deepen adviser engagement and support tailored client solutions in a competitive market.

HUB24’s recent quarterly results and strategic initiatives build on the company’s strong FY25 performance and ambitious growth plans outlined at its 2025 Investor Day, where it highlighted scalable earnings and AI-driven adviser tools. The platform’s ability to maintain inflow momentum despite market headwinds and to execute on structural growth opportunities will be critical as it navigates regulatory approvals and evolving client needs.