Euroz Limited partners with HUB24 to launch new white label platform for advisers
Andrew Alcock
Euroz Limited (ASX: EZL) has partnered with leading investment and superannuation platform provider HUB24 (ASX: HUB) to deliver Encore, a new white label platform for their private wealth clients.
The new platform substantially broadens the investment choices for Euroz’s clients, while also providing them with first class administration and reporting tools.
Users of Encore will also benefit from the collective capability of HUB24 and its subsidiary Agility Applications via an integrated desktop interface connecting platform and broker applications from a single sign on. This solution will provide advisers with a unified view of their client portfolios including holdings on the platform as well as securities under a Holder Identification Number (HIN).
The integrated solution will enable advisers of stockbroker Euroz Securities and its fellow subsidiary Entrust, a wealth management specialist, to provide bespoke investment, superannuation and administration solutions to all clients irrespective of their size, risk appetite or investment objectives. Additionally, Euroz will launch a series of managed portfolios on HUB24 in early 2018.
Euroz Securities Executive Director and Head of Private Clients, Chris Webster, said: “the release of our Encore platform in partnership with HUB24 allows us to offer broader investment choice and a market-leading customer experience to a wider group of clients than we currently service today.”
Mr Webster also said the group chose HUB24 for its ability to integrate with the existing infrastructure underpinning their business. “New products and functionality for clients complement our existing stockbroking business , which has been highly successful for nearly 20 years,” he added.
HUB24 Managing Director Andrew Alcock said: “Euroz is a highly regarded organisation with a strong track record in financial services we are very pleased to be partnering with them.”
“This is also an exciting business for us as it is the first white label partnership where we’re offering an integrated solution with our subsidiary Agility Applications.”, he said.
“Thanks to the combined solutions of both HUB24 and Agility we’re now taking the efficiency benefits we can generate for advisers and stockbrokers to the next level.
“The HUB24 Group is leading the change in leveraging its collective capabilities to develop and offer and end-to-end suite of solutions across a broader set of wealth management business models”, he added.
The services of Agility complement HUB24’s white label solutions and accelerate enhancements to support stockbrokers as the they increasingly transition into wealth managers.
