HUB24 (ASX:HUB) said its total funds under administration clocked in at AU$151.74 billion as of March 31, up 22% from the AU$124.13 billion a year earlier, according to a Tuesday Australian bourse filing.

Platform net inflows during the fiscal third quarter were AU$3.98 billion, rising 9% from the same period in the previous year, when excluding large migrations.

Platform funds under administration clocked in at AU$127.83 billion, jumping 25% from AU$102.51 billion in the prior-year period.

The company said 37 new licensee agreements were signed during the quarter, and the total number of advisers using the platform increased by 272 to 5,549.

HUB24's shares plunged almost 4% in recent Tuesday trade.