Overall Australian masterfund business stood at $620.2 billion in 2014, according to a new report by Plan for Life.
This is an increase of 9.8 per cent, or $55.2 billion despite wobbly investment markets supported by low interest rate policies worldwide.
In terms of wraps, there were $243.9 billion in funds under management (FUM), up 13 per cent from 2013. This contributed to 39.9 per cent of the overall master funds market.
Platforms stood at $286.4 billion of funds at a moderate increased rate of 6.5 per cent as a result of investment earnings.
Master trusts accounted for 14.5 per cent with $90 billion funds and climbed 12.1 per cent over the past year.
BT Financial Group dominated FUM totalling $123.3 billion, accounting for 19.9 per cent of the market with an annual growth of 11.1 per cent. This was closely followed by AMP Group with $116 billion with an annual growth of 11.7 per cent, and National Australia/MLC Group at $102.2 billion at a growth of 6.8 per cent.
