Tech-driven online brokerage and wealth management platform, Futu Holdings (NASDAQ:FUTU) announced that its wealth management business has surpassed $10B in assets under management.
In addition, Futu’s (FUTU) fully owned subsidiary, Moomoo Securities Malaysia, received approval to distribute wealth management products in Malaysia.
The company has bagged a gain of 21% YTD and gets a Quant rating of Hold with a 3.31 score.
The stock price moved marginally higher, up 1% on Wednesday during pre-market hours of trading.