** 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 $(FUM.UK)$ 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))
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