IWL and Hartleys continue partnership
Western Australian-based financial services and stock broking firm Hartleys, with over $500 million in funds under advice, has agreed to continue to use support systems provided by IWL Limited for another three years.
The contract extension means Hartleys will maintain its use of the IWL broker trading desktop, providing the financial services company with services such as automated order processing, and other facilities like outsourced equities trading, settlement and portfolio reporting.
The continued use of the IWL service will allow advisers operating under the Hartleys’ umbrella to have access to systems providing them with management of corporate actions, dividends and in-depth tax lot information.
“IWL’s trading and portfolio platform provides advisers with both efficiency and the comprehensive investment detail necessary in today’s information rich world. Being a proven end-to end solution, the system and associated services benefit not only our business, but more importantly our corporate goal of achieving the financial goals of all Hartleys’ clients,” Hartleys managing director Richard Simpson said.
IWL chief executive Otto Buttula said: “We are delighted to extend and strengthen our relationship with Hartleys, one of WA’s established, broad-based financial services organisations. IWL is committed to growing its market position as a leading wealth management infrastructure provider to branded organisations such as Hartleys and we are proud to be associated with and play a role in assisting the growth of their business.”
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
