DASH Know-how Group (DASH) has skilled its strongest 12 months but, with funding platform FUA rising by 46.89% in comparison with 31 December 2022. Moreover, an extra $800 million is at the moment in transition, demonstrating sustained momentum into the brand new 12 months.
DASH launched two important system upgrades to its funding platform in 2023, together with a custodial providing for superannuation and a complete CGT engine overhaul. These developments have performed a pivotal position within the rise of newly opened accounts and elevated platform flows.
The software program arm of DASH can also be experiencing development with a surge of over 50% in software program licenses over the identical interval. This development trajectory is predicted to proceed as plans to combine information feeds from exterior platforms in early 2024 additional enhances the capabilities of its monetary planning software program choices.
Andrew Whelan, CEO at DASH commented on the interval of development, stating, “Final 12 months has been a powerful achievement for DASH and we’re grateful to our advisers and their purchasers for his or her assist. We stay devoted to listening to and servicing our purchasers in a way that provides important worth to their companies, very similar to they add worth to ours. Listening to our advisers is a vital ingredient in our steady R&D course of.”
DASH has witnessed a rising pattern in impartial monetary planning companies adopting its end-to-end software program and platform providing, with a 50% improve within the final 12 months for IFAs signing as much as the entire DASH bundle.
Complete income from contracts for each the platform and software program segments, as of December 31, 2023, amounted to a big 63% improve from the prior corresponding interval.
Geoff Lloyd, Chairman at DASH added, “The supply of monetary recommendation performs a pivotal position in making certain the scalability and accessibility of this significant service for all Australians. As a up to date expertise resolution for each monetary planning software program and platform, it’s encouraging to see advisers dedicated to investing of their enterprise now, for the advantage of their purchasers and the broader business.”
DASH continues to develop a powerful product roadmap, with some business main product releases slated for 2024.
