I found this in the AFR from a few days ago. It's an interesting comparison for SelfWealth...
Stake sounds very impressive - until you compare it to SelfWealth.
Stake has 500,000 "customers" and 1.6 billion in FUM. So that's $3,200 per customer.
SelfWealth has 123,523 active customers and 9.3 billion in FUM. That's $75,298 per active customer.
Can anyone seriously argue that SelfWealth are attracting low value customers?!
Ann: Letter to Shareholders, page-56
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