HUB24 Platform recognised in latest awards

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HUB24 has ranked in the top three platforms in the market for overall functionality in the 2014 Investment Trends Platform Benchmarking report. [1]  As evidence of its ability to innovate and grow at the same time, HUB24 is now in third place in the most recent results having jumped from fifth in 2013 and from seventh place in 2012.

Over the same period, HUB24 has grown from $384 million in funds under administration at 30 June 2012 to $1.4 billion today.  HUB24 also has the sixth highest annual net inflows for wrap providers and the highest net inflow growth rate across master trusts, wraps and platforms according to data from Plan for Life’s quarterly Platform Wrap Market Report released in December 2014.

Managing Director, Andrew Alcock believes much of HUB24’s rapid progress is due to delivering superior technology and responding to the needs of clients. In this dynamic market, HUB24’s ownership of proprietary technology allows the company to both respond to change and lead with new developments.

According to the 2014 report, HUB24 is recognised as having one of the highest number of SMA investment portfolios on an Australian platform. This combined with the broad range of investment, insurance and term deposit choices puts HUB24 ahead of most major platforms in this category and importantly provides clients with transparency and independent choice.

Also recognised this year is the company’s non-custody reporting functionality. This new development is expected to be attractive to stockbroking licensees and their clients who value holding their own assets while still receiving the benefits of a wrap platform.

HUB24’s progressive climb achieved recognition when the company received the Most New Developments Award in the December 2012 Investment Trends Platform Report reflecting significant improvements in functionality.  In the latest results HUB24 was awarded the ‘Best Tablet/Smartphone Access’ with the company’s investment, super and pension platform now fully compatible and accessible across many popular mobile devices.

Mr Alcock is confident HUB24 will continue to build momentum, innovate and improve its position and presence in the market.  “Our business has been growing very quickly and based on current trends, we’re rapidly heading towards $2 billion of funds under administration and beyond.  These latest results from Investment Trends, and our steady rise to the top three underpins a healthy balance of continuing growth and investment.”

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[1] Investment Trends December 2014 Platform Benchmarking Report, based on extensive analyst reviews of 22 platforms across 466 functional points

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