Platforms' Reported Funds Under Management Increase by $149.9bn in 2024

Masterfunds rose 14.4% over the whole of 2024 from $1,040.6bn to $1,190.5bn mainly due to increases in the market values of underlying assets. The Wrap ($724.8bn up 17.0%), Platform ($404.1bn up 9.9%) and Master Trusts ($61.7bn up 15.0%) sub-markets all finished higher. Reported Inflows of $203.8bn were 3.7% lower year on year but they still exceeded Outflows totalling $173.4bn resulting in a $30.4bn Net Fund Inflow; the apparent fall in annual Inflows was due to the acquisition of BT Super by Mercer in 2023 thereby boosting the overall total; excluding this Inflows were up circa 15%. Currently all these fund increases have evaporated as markets collapse due to the start of an unpredictable tariff trade war.

All the leading companies saw their Masterfund business rise with Insignia ($225.4bn up 8.0%), Colonial ($156.1bn up 11.5%), Macquarie ($155.6bn up 17.2%), BT ($143.7bn up 9.2%) and AMP ($135.0bn up 11.5%) while 20% plus jumps were recorded by 2nd tier players netwealth ($100.9bn up 29.7%) and HUB24 ($98.9bn up 36.5%) along with a couple of smaller ones Praemium ($30.2bn up 31.7%) and Russell ($13.2bn up 27.1%).

Source: Plan For Life

Download Media Release: PFL Media Release Platform Wrap 1224