Insignia Financial Ltd (AU:IFL) has released an update.
Insignia Financial Ltd reported a robust third quarter in 2024 with a $11.7 billion increase in Funds Under Management and Administration, reaching $312.3 billion despite net outflows of $1.7 billion due to the wrap platform consolidation. The company successfully migrated MLC Wrap to the Expand platform, as part of its strategic initiatives to simplify the business and reduce costs, while also launching MLC Private Equity Partners LP, attracting significant third-party investor interest.
For further insights into AU:IFL stock, check out TipRanks’ Stock Analysis page.