Listed financial services firm Investorfirst has earmarked a number of significant changes across its business units with expansion plans and new service offerings expected for its investment platform, Hub24.
In a coporate update filed to the Australian Securities Exchange yesterday, the company said it planned to develop and deliver new financial solutions across superannuation, pensions, insurance, self-managed superanuation and online equities trading in 2012.
The firm said its aim for Hub24 was to secure and transition multiple large client funds with $100 million-plus in funds under administration onto the platform next year as well as implement white label offerings.
Investorfirst also plans to add to its stockbroking division with the launch of an online equities platform, Hub24Markets.
The online equities platform would provide a retail and a wholesale, or white label, broking solution, the company said.
It also intended to consolidate and review its existing broking team by recruting “strong business writers with deal-flow capabilities”, it said.
As well as invest in its broking and platform divisions, Investorfirst plans to invest further in its business systems and infrastructure.
The firm has not ruled out making further acquisitions.
