The Generation Development Group Ltd (ASX: GDG) share price is in focus after the company reported Group funds under management (FUM) of $46.4 billion at 30 June 2026, up 36% on the prior year, and record quarterly sales inflows at Generation Life.
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What did Generation Development Group report?
- Group FUM rose 36% year on year to $46.4 billion as of 30 June 2026
- Generation Life's FUM increased 35% to $5.95 billion, with record quarterly sales inflows of $442 million (up 39%)
- Evidentia's FUM was $40.5 billion, up 37% on the previous year
- Lonsec researched over 2,000 products, up 9% year on year
- iRate subscribers increased 13% to 5,629
What else do investors need to know?
Generation Development Group finished FY26 by fully integrating the Evidentia and Lonsec managed account businesses, aiming for a more scalable and diversified wealth platform. Generation Life secured a major strategic alliance with Colonial First State (CFS), confirming its role as a key player in Australia's retirement solutions sector.
Evidentia reported strong net inflows of $3.5 billion for the quarter, helped by a successful transition of $1.8 billion in FUM from Xplore Wealth. The group highlighted favourable structural trends like an ageing population and policy shifts that support demand for their investment and retirement products.
What did Generation Development Group management say?
Group Chief Executive Officer Grant Hackett OAM said:
With the integration of Evidentia and Lonsec managed accounts, we've created a stronger, more resilient platform for future growth. Our focus on disciplined execution and investing in our people ensure we're well placed to deliver attractive shareholder returns.
What's next for Generation Development Group?
Looking forward, the Group says demographic changes and upcoming tax reforms are creating new opportunities for its retirement income and investment bond products. The strategic partnership with CFS positions Generation Life for further expansion.
Management flagged a robust pipeline across all businesses for FY27, driven by both organic growth and new strategic partnerships. Ongoing investment in technology and capabilities is expected to support sustainable growth over the long term.
Generation Development Group share price snapshot
Over the past 12 months, Generation Development Group shares have declined 22%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.
