HUB24’s tools allow advisers to understand the CGT impact of switching

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Andrew Alcock from HUB24 says that if you think all platforms are equal, then think again. “They’re certainly not interchangeable, especially from an adviser’s point of view, if say they’re looking to reduce the CGT when switching clients’ investments from one portfolio to another,” says Mr Alcock. More advisers want to sit down with clients […]

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Good technology allows independent planners to extract value through ‘virtual vertical integration’

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Much has been made of the perceived advantages afforded wealth institutions with their vertically integrated business model, and ability to shift and clip margin from every element of the value chain. From funds management through product manufacturing, administration and distribution, the big players were seen as the only beneficiaries of vertical integration. The right technology can […]

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HUB24 passes $1bn milestone

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HUB24 has confirmed that it has exceeded $1 billion in Funds Under Administration (FUA) on its investment and superannuation platform. HUB recently released its results for 30 June 2014 with FUA of $854 million as at that date. In the quarter ending 30 June we recorded net inflows[1] of $118 million and in the subsequent months […]

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HUB24 announces solid march quarter

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HUB24 CEO Andrew Alcock yesterday announced the March quarter update for the company and the innovative platform provider recorded Net Inflows for the period of $108.7m, including a record Net Inflow of $49m in March. Commenting further on the results, Alcock said, “This boosted FUA at the end of the quarter to $730.2m, and represents […]

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New sales head for HUB24

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Senior platform industry executive Wes Gillett has joined HUB24 as Head of Product and Distribution to further reposition the listed platform business to leverage its leading investment and superannuation platform for financial planning firms. “Wes brings 25 years industry experience and a wealth of knowledge in the retail and institutional platform distribution space, and we […]

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HUB24 Investment Service repositions to meet FOFA reforms

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The HUB24 Investment Service (HUB24), a service offering of ASX listed wealth management services utility and stockbroker, Investorfirst Limited (ASX: INQ), has announced that it will reposition its service to operate under an Investor Directed Portfolio Service (IDPS) model, thereby positively positioning the business for the recently announced Future of Financial Advice (“FOFA”) reforms. Commenting […]

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Standard & Poor’s assigns ‘STRONG’ rating to HUB24’s Portfolio Service SMA Platform

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HUB24, a wholly owned subsidiary of ASX listed stockbroker and wealth management utility, Investorfirst Limited (ASX: INQ), is pleased to announce that following the inaugural review by Standard & Poor’s (S&P) Funds Services, that HUB24’s SMA Platform was given a ‘STRONG’ rating. In its report, S&P noted that the ‘ “STRONG” rating reflects the benefits […]

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13 New, Non-Unitised Fund Portfolio’s added by Fund Managers and Independent Research Houses to HUB24’s Portfolio Administration Service

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HUB24, a wholly owned subsidiary of ASX listed stockbroker and wealth management utility, Investorfirst Limited (ASX: INQ), is today pleased to formally announce the addition of 13 new, non-unitised portfolios to its broad and rapidly growing menu of non-unitised portfolios. The new offerings are from both well respected traditional fund managers as well as two […]

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