HUB24 adds four clients
Investment platform Hub 24, a subsidiary of Investorfirst, has picked up four new clients bringing in more than $500 million in funds under management, Investorfirst has announced.
The clients are DFS Portfolio Solutions, Equiti Private Wealth, Oxbrey Financial Group, and Mandalay Wealth Management.
Investorfirst's chief executive Darren Pettiona said there would be another major release for the platform in May this year representing a "generational leap".
The upgrades would include more flexible model portfolio and direct equity trading capabilities, an enhanced user interface, direct fixed interest capability, and exchange traded options within separately managed accounts, Pettiona said.
The group would be announcing further account wins in the near future, he said.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.