The Australia-headquartered platform ended 2020 on a high note, with record inflows both at home and overseas.
During the fourth quarter, net inflows hit A$1.1bn (£625, $850m, €699m) with A$813m coming from the Australia market and A$303m internationally.
Australia funds under administration rose 10% to A$16.4bn, while international platform FUA jumped 13% to A$3.9bn.
The firm also recorded a 9% rise in FUA for its non-custodial VMA Administration Service, taking it to nearly A$14bn.
Year of tremendous disruption
“Record inflows have listed us to over A$34bn in FUA, helped along by buoyant market conditions,” said chief executive Michael Ohanessian.
“A 69% year-on-year increase in global FUA is a fantastic result in a year of tremendous disruption.
“For the Australia business, the scale benefits from the acquisition of Powerwrap are evident. Post-merger integration initiatives are driving efficiencies and improving reach to existing clients and prospects alike.
“Our non-custody solutions continue to attract considerable interest, as advice firms seek to outsource administration of their off-platform assets.”
He continued: “The international business has had a breakout quarter, with record inflows and a 13% increase in FUA. We have expanded client service capacity in Dubai to better support growth in the Middle East, South Africa, Asia and other key markets.”
