Platforms, wraps and master trusts experienced a total increase of 26.9 per cent in funds under management (FUM) to $417.2 billion over the 12 months to March 2010, according to Plan for Life data.
The survey findings indicated there was a jump of $6.9 billion in FUM during the March 2010 quarter alone.
Plan for Life said most major companies reported impressive growth over the year. The data found inflows of $91.7 billion were slightly up on the previous year's result of $90.1 billion.
However, outflows of $74.5 billion to the masterfund sector were down on the $77.6 billion recorded in the year to March 2009.
Wraps experienced a growth of 29.7 per cent in FUM over the year to March. With $145.2 billion, they currently hold 34.8 per cent of the total market share, a marginal increase on the 34.1 per cent from the previous year.
The survey results indicated BT Financial, Macquarie and National Australia/MLC Group are the leading players in the wrap market.
Platforms experienced a growth of 28.9 per cent over the year, with $211.6 billion in FUM. They currently hold 50.7 per cent of the total market share.
The survey results indicated five groups hold over $20 billion in platform FUM, led by National Australia/MLC Group with $47.9 billion, followed by Commonwealth/Colonial Group with $44.5 billion.
Meanwhile, master trusts' declining market share reached 14.5 per cent this quarter, with $60.5 billion in FUM. The sector only attracted 12 per cent of total inflows, with $11.0 billion over the year.
