HUB24 to provide platform solution for Patersons Securities Limited

From

Andrew Alcock

Leading financial services company HUB24 Group (ASX: HUB) has announced a new partnership with Stockbroking and Wealth Management firm Patersons Securities Limited (Patersons), who have selected HUB24 to provide a platform solution for its national adviser network.

Patersons is one of Australia’s most established wealth management firms, advising on approximately $13.5 billion in CHESS-registered assets through its 113 financial advisers across the country.  The current in-house platform, Accolade, administers approximately $2.4 billion in Funds Under Management. The new Paterson’s branded HUB24 solution will sit alongside Accolade, providing a new retail superannuation solution for clients.

HUB24 was selected for their ability to deliver a solution which enables Paterson’s to meet the needs of a diverse client base, as well as their market-leading managed portfolio capability  which will enable the implementation of customised managed portfolios for Paterson’s clients based on proprietary research strategies.

Commenting on the partnership, Jane Tandy, Chief Operating Officer at Patersons Securities, said: “After a review of a number of potential platform providers, we selected HUB24 for their strong understanding of the private wealth and stockbroking sectors, and all-round superior platform capabilities. HUB24’s subsidiary Agility Applications, a market-leader in data integration was also a key factor for Patersons in choosing HUB24, leveraging their collective capabilities in wealth management and stockbroking sectors.”

Andrew Alcock, Managing Director at HUB24 said: “We’re delighted to be partnering with one of Australia’s oldest and most distinguished financial services firms and supporting their strategy to broaden their offer in the market. Licensees and advisers are selecting HUB24 due to our continued commitment to innovation and connecting their clients to opportunities that create wealth.”

“This partnership is testament to the success of combining the expertise of Agility Applications and HUB24 to provide our clients with a comprehensive solution for their custodial and non-custodial clients.”

The new solution is available to Patersons Advisers and clients now.

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