Global wealth management platform FNZ has announced it has reached $2trn of assets on platform.

Over the past five years, its assets on platform have increased by 406 per cent (38.3 per cent annualised).

Recent growth has been driven by new client wins, the expansion of mandates with existing customers, and organic market growth across several geographies.

FNZ said that the milestone reinforced its position in the global wealth industry and highlighted its growing role in evolving the way wealth management services are delivered.

The platform now partners with more than 650 financial institutions, over 12,000 wealth management firms, and services in excess of 26 million end investors.

Six of the top 10 most recommended UK adviser platforms use FNZ technology, according to Defaqto.

“Surpassing $2trn in assets on platform is a powerful demonstration of the strength of our platform, the dedication of our people and the deep, long-term partnerships we have with our clients,” FNZ group CEO, Blythe Masters.

“We only succeed when our clients succeed, and we remain relentlessly focused on supporting their ambitions, as we use technology to empower advisors and make saving for the future easier for everyone.

“We are incredibly excited about the future, harnessing our scale, technology and expertise to open up wealth and support our clients in delivering innovative, efficient and personalised wealth management and market services to millions of end investors.”

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