Wealth management group Plan B has reported an 11 per cent increase in funds under management, administration and advice (FUMA) for the September quarter, seemingly defying recent market negativity.
In a report to the Australian Stock Exchange this week, Plan B Holdings Limited said FUMA as at September 30 stood at $1.95 billion.
It said the 11 per cent increase in FUMA reflected net new client fund inflows to the group’s collective investment vehicles, market movement in the value of assets and funds under advice (but not administered or managed by Plan B) of PFS Affinity Partners, which commenced implementation of the group’s services and systems.
