Aussie managed accounts are now investment format of choice, says Jefferies

Hub24

09/06/2025 22:16

** Analysts at Jefferies say demand in Australian managed accounts (MAs) has surged in recent years, with advisers seeking increased efficiency while improving client outcomes

** Says, this has resulted in funds under management (FUM) increasing by 25% per annum from 2020 to 2024, reaching A$233 billion ($151.75 billion) as at 2024 end

** Adds, with ~59% take-up, MAs are now the investment format of choice

** Runway for growth to remain in place, with take-up likely to increase further — Jefferies

** Sees FUM to increase to over A$470 billion by 2030

** Increases PT of investment and wealth management platforms Generation Development GDG.AX to A$6.52, Hub24 HUB.AX to A$80

** Brokerage downgrades fintech firm Netwealth NWL.AX to "hold" from "buy" but raises PT to A$32.10 from A$29.11

** In 2025, GDG, HUB and NWL are all up around 59%, 21% and 13%, respectively

($1 = 1.5354 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))