New research shows advisers have welcomed Best Interests duty

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Research released by HUB24 Limited (ASX:HUB) and conducted with over 300 advisers has shown the Best Interests Duty (BID) has been overwhelmingly welcomed since its introduction in 2013, with over 4 out of 5 believing it was necessary to raise standards across the industry and indicating that the formal structure of the compliance regime has […]

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HUB24’s platform hits $10 billion milestone

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HUB24 Limited (ASX: HUB) have announced the investment and superannuation platform has reached a new funds under administration (FUA) milestone of over $10 billion at 31 December 2018. In the six months following financial year ended 30 June 2018, where the platform finished the year with $8.3 billion in FUA, HUB24 is continuing to experience […]

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HUB24 to provide platform solution for Patersons Securities Limited

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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 […]

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HUB24 appoints new NSW/ACT State Manager and National Manager for Strategic Sales

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Leading financial services provider HUB24 Group (ASX: HUB) yesterday announced the appointment of Marc Hraiki as their new State Manager for New South Wales (NSW) and the Australian Capital Territory (ACT). Current State Manager Andrew Fraser moves into a newly created role of National Manager for Strategic Sales, reporting to Shane Muscat. Mr Hraiki has […]

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HUB24 announces new CFO

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Leading wealth management provider HUB24 Group (ASX: HUB) has announced the appointment of Mark Goodrick as its new Chief Financial Officer (CFO). Mr Goodrick brings over 15 years of experience in funds management as well as managing global finance teams in complex and fast-growing listed companies. Mr Goodrick is currently CFO at Atlas Arteria (ASX: […]

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Managed accounts market to almost double in two years – technology to drive innovation

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The managed accounts segment is on the cusp of a revolution in managed portfolio design and functionality, says leading wealth management platform HUB24 (ASX: HUB). The $60 billion already invested in managed accounts is forecast to grow at 40% a year for at least the next two years, taking the managed account industry to more […]

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FY18 Results: HUB24 delivers inaugural dividend

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HUB24 (ASX: HUB) has announced its results for the year ended 30 June 2018 (FY18), reporting underlying Net Profit After Tax (NPAT)[1] of $5.4m and underlying EBITDA of $11.4m. Key Company highlights for FY18 are: FUA up 51% to $8.3b (currently $8.7b) Revenue of $84m, up 36% with platform revenue up 51% Underlying EBITDA of $11.4m, […]

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Challenger and HUB24 join forces for annuities on platform

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HUB24 (ASX:HUB) and Challenger Limited (CGF:ASX) has announced they are working together to provide Challenger annuities to advisers and clients on the market-leading HUB24 platform. Challenger annuities will be available to advisers and their clients on HUB24 via the innovative technology of ConnectHUB – a collaboration between HUB24 and their subsidiary Agility Applications. ConnectHUB allows […]

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HUB24 records annual net inflows of $2.4b

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Quarterly update Record net inflows for FY18 of $2.4b, an increase of 24.1% on pcp June Quarter net inflows[1] of $739m, the 2nd highest quarter on record, with gross inflows of $1.0b Funds under Administration (FUA) of $8.3b at 30 June 2018 (up 51.2% on June 2017) 22 new licensees signed distribution agreements during the […]

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HUB24 launches innovative portfolio management tool

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Leading wealth management platform provider HUB24 (ASX: HUB), yesterday announced the launch of an innovative portfolio management tool that allows portfolio managers using the platform to dynamically and efficiently adjust their managed portfolios to respond to market conditions. The new capability, called Progressive Portfolio Implementation (PPI), allows different target weightings to be set for new […]

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