One final comment, PAC's Share of FUM has finally reached its highest historical marker in late 2017 ($8 share price) and is now set for continued growth, see the following post:
https://hotcopper.com.au/posts/53043757/single
Revenue generated will be significantly improved this year as the revenues generated from this level of FUM will be higher than historical high FUM mark. Aperio was a low margin high FUM business.
Best of Luck
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