Plan B FUMA declines
Publicly listed Perth-based wealth management group Plan B has reported a 4.2 per cent decline in funds under management and advice (FUMA) to $1.56 billion during the September quarter.
The company reported to the Australian Securities Exchange today that the decline in FUMA had been attributable to the well-publicised decline in world investment markets.
The company said that the PFS Affinity Partner component of the FUMA held on Plan B’s platforms had grown by 14.2 per cent over the quarter to $115 million, indicating the emerging benefits of the PFS Affinity Program and compatible partners.
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