Integrated reaches $5b in FUA

FUA/family-offices/managed-discretionary-accounts/MDAs/IMAs/private-wealth/

6 May 2020
| By Oksana Patron |
image
image image
expand image

Wealth and portfolio management strategies provider, Integrated Portfolio Solutions, has announced its funds under administration (FUA) have exceeded $5 billion mark, and with a further expected pipeline in excess of $1 billion by mid-year, the firm expects FUA to reach $6 billion.

The company said that a growth in FUA was largely helped by strong flows from its family offices and investment advisers clients while the firm’s organic growth came from both existing clients and new boutique and institutional wins.

At the same time, Integrated also completed a $1 million funding role advised by Aura Capital and said the proceeds would go towards bring to market a practice management tool for financial advice professionals as well as its managed discretionary account (MDA) and individually managed account (IMAs) offering.

“Integrated has now reached the incredible milestone of $5 billion, an achievement we are proud of and speaks volumes to both the Integrated business model and the talented, client focused team we have servicing our clients. As advice and private wealth sectors adjust to a new normal, Integrated’s unique position in the market has become stronger,” Integrated’s manging director Darryl Johnson commented.

Aura Group’s managing director, Calvin Ng, praised Integrated’s nearly tripled FUA in approximately two and half years and said it was a testament to value of the Integrated platform and team.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 6 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 2 days ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

3 days 21 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5