Clearing and settlement provider FinClear has announced a new partnership with a financial services group with a stable of wealth management and advisory firms.
The local equities clearing firm has partnered with Shadforth Financial Group, FinClear said in a statement.
The partnership sees FinClear providing direct trading, clearing and settlement services to Shadforth as well as their TradeCentre front-end technology for client portfolio management.
FinClear chief executive David Ferrall said Shadforth was an important addition to the FinClear client stable, which has undergone strong growth over the past year.
“It’s great to see a strong, national brand like Shadforth join our community of banks, brokers and advisers,” he said.
“We’ve grown more than 200 per cent over the 12 months, and this new partnership is really the icing on the cake for what’s been an outstanding 2018-19 financial year for FinClear.”
Shadforth head Gene Phair said the partnership was a result of a rigorous search.
“We were seeking a provider who could not only deliver a fast and efficient broking service, but whose client-first values aligned with our own,” Mr Phair said.
“FinClear demonstrated a clear and thorough understanding of our business, and despite being relative newcomers to the industry, are genuinely focused on delivering a first-class client and adviser experience.”
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