In an ASX announcement on Thursday morning, Insignia Financial outlined that it saw FUMA growth of $1.5 billion during the quarter to $342 billion as at 31 December.
This growth was despite net outflows of $73 million across the business.
Insignia Financial CEO, Scott Hartley, said: “This quarter, our focus has been on maintaining momentum across the business, as we continue to deliver on the strategic priorities outlined in our 2030 Vision and Strategy.
“FUMA increased to $342.0 billion, supported by positive market movements, encouraging net inflows into Wrap, and continued net inflows into Asset Management’s retail multi-asset and Managed Accounts offerings.
“The MLC Expand suite of products continued to see strong growth during the quarter with $1.7 billion in net inflows, partly offset by $0.2 billion of outflows from Platform Connect.”
Insignia’s Wrap FUA closed the quarter at $110.4 billion, up $3.2 billion (3.0 per cent) over the previous quarter.
It said was driven by net underlying inflows of $1.5 billion, positive market movement of $497 million and the internal transfer of $1.9 billion from a product migration from Master Trust, which was not included in net flows figure, partially offset by pension payments of $679 million and one-off outflows of $39 million.
“The MLC Expand Advised suite of products saw continued strong flows, with $1.7 billion in net inflows for the quarter,” it said.
Additionally, flows into MLC Expand have grown by 200 per cent compared with the prior corresponding period, which was partially offset by outflows of $216 million from Insignia Financial’s third-party and white-labelled administration and platform offerings.
“During the quarter, approximately 9,600 customer accounts and $1.9 billion in FUA were successfully transitioned from MLC MasterKey Investment Service (formerly reported in the Master Trust segment) to Expand Extra, simplifying our product suite,” Insignia said.
“This delivers fee savings for these customers, and provides access to a modern, efficient, and innovative platform designed to enhance service delivery.”
According to Hartley, continued Master Trust outflows in the advised and personal channels “remain a challenge”.
“A significant program of work is underway to align and uplift adviser service experience, product proposition and enhance engagement with members,” he said.
“In Asset Management, ongoing adviser adoption of MLC’s Managed Accounts saw FUM reach $4 billion during the quarter, while continued uptake of MLC’s lower-cost Multi Series and Index Plus funds also contributed to Multi-Asset net inflows.”
Insignia also provided an update on the progress of CC Capital’s acquisition of the firm, which was announced in July 2025 following a lengthy bidding war.
“Insignia Financial is well advanced in the work required to bring the proposed acquisition by CC Capital to a shareholder vote,” it said.
“CC Capital, which is responsible for lodging various regulatory applications including with APRA and FIRB, has been encouraged by its regulatory engagement process to date and anticipates the required regulatory Conditions Precedent to be resolved in a timeframe to allow for Insignia Financial shareholders to vote on the Scheme in the first half of 2026.”
