Platforms Reported Funds Under Management Increase by $138.8bn in 2021

Overall Masterfunds were up 15.7% over the whole of 2021 to $1,024.2bn with the Wraps ($550.0bn up 24.8%) sub-market increasing by almost a quarter. Platforms ($391.2bn up 9.3%) also finished higher but Master Trusts ($83.0bn down 4.5%) declined. During the December quarter Masterfunds increased by $33.4bn, or 3.4%. Reported Inflows into Masterfunds of $175.1bn were 15.3% higher than the 2021 total of $151.8bn while corresponding Outflows finished 3.5% lower at $146.1bn resulting in an overall Net Fund Inflow of $29.0bn.

All leading companies enjoyed growth in their funds under management. Insignia Financial ($213.2bn up 180.4%), the new name of IOOF, and HUB24 ($50.0bn up 127.6%) in particular recorded triple digit percentage jumps in business due to their takeovers of MLC and Xplore. netwealth ($56.7bn up 46.0%), Praemium ($21.1bn up 28.3%), Mercer ($29.9bn up 16.5%) along with majors BT ($181.5bn up 12.5%) and Commonwealth / Colonial ($149.5bn up 11.7%) also saw double digit growth.

Source: Plan For Life

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