Monik Kotecha

HUB24 has added the Insync Global Quality Equity Fund to its platform. It is expected the fund will be available in both Investment and Super Accounts by the end of December 2020. This new fund is in addition to the Insync Global Titans SMA managed with the same strategy on HUB24.

Wes Gillett, National Manager Distribution at Insync Funds Management, was delighted that their global megatrend focussed strategy with a decade of excellent performance is now available on the country’s fastest growing investment platform.

“The fund is consistently performing in the 1st quartile over every time period and our senior investment team look for opportunities amongst the world’s most consistently profitable firms. Our portfolio has performed at 16.84% pa^[1] over its 10-year life, and consistently delivered outperformance well in excess of 5% pa* to the MISCI ACWI.”^[2]

“The international element of a portfolio is now of even more interest for the advice industry when volatility and the income drought limit growth potential for portfolios. Our fund shows very low correlation in outperformance with all our international peers and should therefore deliver enhanced performance in blended portfolios over the long term” said Mr Gillett.

The firm was launched in 2009 by Monik Kotecha and Garry Wyatt and has a consistent long-term track record of picking up most of the upside in rising markets, and most importantly, an inherently low downside participation in declining markets.

Insync’s investment philosophy revolves around very high-quality companies that are benefiting from disruption, have long runways of growth through exposure to global megatrends, and are highly profitable.

“We wrap deep quantitative analysis around insights on industry disruption and the 16 key megatrends that our firm has identified as being predictive of long-term growth” said Insync’s CIO Monik Kotecha.

Insync funds are available on HUB24, Macquarie Wrap, Netwealth, Powerwrap and ASX mFund.

The fund has received a superior rating from SQM, and Insync also recently won the Emerging Manager of the Year Award from Money Management.

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[1] Gross of fund MERs
[2] Insync

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Wes Gillett has been appointed as Head of Sales, James Edmonds as Chief Operating Officer and Bruce MacDougall as Chief Financial Officer.

Powerwrap Chief Executive Officer Will Davidson said, “We are delighted that Powerwrap has added some of the best expertise in the platform business in Australia.

“These are high-quality industry leaders with extensive experience in growing and sustaining platform businesses in the wealth market.

“They will provide a substantial boost to our capability and enable us to drive our growth agenda.”

Wes Gillett was most recently Head of Marketing and Distribution at Hub24, during the period in which its funds under administration increased from $400 million to almost $6 billion. Bruce MacDougall was most recently Chief Financial Officer at the Netwealth Group, and James Edmonds was Executive Director at Morgan Stanley Wealth Management, overseeing the group’s platforms.

Mr Davidson said the appointments came at a crucial time for Powerwrap. “Powerwrap is aiming to become the largest unconstrained and most innovative institutional grade wealth management platform in the market.

“With the breakdown in the vertically-integrated banking model, Powerwrap is uniquely placed to offer financial planners and wealth advisers a non-bank-owned partner to conduct and grow their wealth businesses.

“Our track record in delivering bespoke turnkey solutions and breadth of product offering are perfectly suited to capture this market.”

Powerwrap Chairman Anthony Wamsteker said, “The Board is delighted that Will Davidson has attracted such high-calibre candidates to Powerwrap as it enters its next phase of growth.”

Powerwrap currently has approximately $6.9 billion in funds under administration and offers the broadest product range of any non-bank-owned platform through its open architecture technology

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Wes Gillett, Head of Marketing & Distribution, HUB24, commented: “We believe that the key to a successful platform is choice, extending across all providers and products.  This includes term deposits, which are an integral part of an investment strategy, especially for clients approaching retirement or looking to park cash at higher rates while researching investment choices.

“We’re pleased that ING DIRECT has chosen HUB24 to be the first platform through which to offer TD products, and it’s great that we have been able to add an award-winning provider to our menu.”

Mark Woolnough, Head of Third Party Distribution, ING DIRECT, added: “We are increasingly working with advisers and are very pleased to be part of the HUB24 platform which has a demonstrated track record for innovation and really resonates with our values at ING DIRECT.

“Our Term Deposits have a range of features including competitive rates and no ING DIRECT fees and it’s great to start the year on the HUB24 platform, bringing choice, flexibility and a compelling cash solution to advisers and their clients.”

ING DIRECT is the fifth TD provider to be offered by HUB24, in addition to RaboDirect, National Australia Bank, St George Bank and Adelaide Bank.

Offering a range of TD providers and a broad selection of terms and competitive rates will increase efficiencies for advisers. They can be confident that HUB24 has done the groundwork in pulling together a comprehensive selection of cash solutions to suit a variety of client needs.

Mr Gillett added: “This is a great way to start 2015 and we look forward to continuing to expand our range of providers and products to meet growing demand from advisers and their clients.”

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“Wes brings 25 years industry experience and a wealth of knowledge in the retail and institutional platform distribution space, and we are delighted he has joined us at a time of significant change and opportunity” said acting CEO Jason Entwistle.
 
Wes has a strong track record in delivering growth in Funds Under Administration after leading ASGARD Wealth Solutions white label platform business through dealers and institutions, before managing sales teams at ING Australia, Skandia, KPMG and FuturePlus.
 
HUB24 has rated well in recent industry reviews around nimble functionality development and service, and continues its steady growth trajectory.  Wes will focus efforts on the non-aligned dealer market looking for best of breed functionality and competitive pricing.

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