Beacon and HUB24 launch new white label initiative
A new partnership initiative from Beacon Financial Group and HUB24 will see the delivery of a tailored managed platform services.
The service for Beacon is set to launch in October and will follow a strong period for HUB24, whose annual results posted a 94 per cent increase in funds under administration last financial year.
"Partnering with a large and growing independent network such as Beacon supports our intention to be the leading platform provider in the burgeoning non-aligned advice space," HUB24 managing director, Andrew Alcock, said.
"With the right technology [we] can offer better practice outcomes for advisers."
AUTHOR
Hope William-Smith
Recommended for you
Pendal has told investors it will start winding up its Enhanced Credit fund from December, its third fund closure this year.
A potential acquisition of Platinum Asset Management by Regal Partners will be beneficial for the “challenged” fund manager, believes Morningstar, but it has warned fund management mergers don’t always run smoothly.
Fund managers made a “big shift” into bond-sensitive sectors like utilities in September and away from cyclicals, while risk appetite is at an 11-month low.
Ahead of the RBA’s upcoming monetary policy meeting next week, BlackRock Australasia has reaffirmed the market’s view that rate cuts are likely out of the picture for 2024.
