Platforms' Reported Funds Under Management increased by $80.9bn over the year to March 2025

Masterfunds ended the year to March up 7.3% to total $1,184.8bn due to positive investment earnings and net fund flows. Year on year reported Inflows and Outflows were both lower by 4.9% and 18.8% to total $206.9bn and $171.2bn respectively, giving an overall Net Inflow of $35.6bn. Note the apparent cashflow decreases were due to the previous year totals being boosted by Mercer's $35bn purchase of BT Super funds; adjusting for this, underlying Inflows were actually up 13% while Outflows declined just 2%.

Most companies reported increases in their Masterfund business including market leaders Insignia ($221.7bn up 2.2%), Colonial ($154.1bn up 4.7%), Macquarie ($154.0bn up 6.6%), BT ($141.6bn up 3.0%) and AMP ($133.2bn up 5.2%) along with in particular netwealth ($103.3bn up 22.3%), HUB24 ($102.5bn up 28.6%) and smaller player Praemium ($30.0bn up 23.7%) that all posted some large double digit percentage increases.

Source: Plan For Life

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