Throughout the year to 20 June 2016, the overall platform market rose to $689.1 billion, up 3.2 per cent, according to Strategic Insight (formerly Plan For Life).
Masterfunds grew 2.1 per cent of $14.4 billion over the June quarter alone.
Reported inflows into masterfunds throughout the financial year were $134.8 billion – lower than last year's $148.6 billion, but still exceeding outflows (which declined from $120.2 billion to $114.9 billion).
BT Financial Group remained the largest player in the platform market, with $131.1 billion in funds under management (FUM) or 19 per cent of the market as at 30 June 2016.
AMP Group was second in FUM at $123.1 billion (17.9 per cent market share) followed by NAB/MLC at $104.5 billion (15.2 per cent).
More to come:
REST appoints general manager, investments
Tone shifting on fiscal policy: BlackRock
JP Morgan take top spot in custody market
Fixing gender gap worth $146b: CFSGAM
IRESS to acquire Financial Synergy
