Five more dealer groups which collectively represent over $650 million in assets have picked Hub24 as the preferred portfolio service provider for their planners.
The dealer groups include Gamma Wealth Management (GWM), Q1 Wealth, HNW Planning, Harts Financial Group and Roxburgh Securities, Hub24 said in a statement yesterday.
"The Hub24 platform will enable our advisers to manage their clients' portfolios in a manner that is in accordance with the desired investment mandate, whilst at the same time providing operational and time efficiencies that can be utilised by advisers to provide higher levels of service and client support," GWM head Brett Evans said.
Hub24 managing director Darren Pettiona said the versatility and benefits Hub24 provided for planners to address portfolio management needs was attracting increasing dealer group interest and clients in growing numbers.
"Hub24 is a comprehensive platform offering with implementation tools and a non-unitised manager offering not available to other platforms," he said.
"Furthermore, it is also the first platform to release an Apple-approved iPhone application for both the adviser and their clients."
In October, Investorfirst acquired Hub24 for $20 million and Pettiona was installed as the combined entity's chief executive.
"We have come a long way over the past three and half years, but now with capital, an operating Australian Securities Exchange stockbroker and a burgeoning independent research offering, the group's investment platforms can only be enhanced," Pettiona said.
