AUA, or assets under administration

Assets under administration (AUA), or rawa i raro i te whakahaere, refers to the total value of assets that a financial institution looks after for clients. These assets are owned by the clients themselves, not the institution. The institution provides services like accounting, tax reporting, infrastructure, and custody for the assets. Unlike assets under management (AUM), where the institution actively manages the investments, AUA doesn’t involve making investment decisions. AUA fees are calculated as a percentage of the amount of money the institution administers for their clients, so, the more money invested, the higher the fees.