FinClear partners with Shadforth
FinClear has partnered with Shadforth Financial Group to deliver trading, clearing and settlement services, as well as its TradeCentre front-end technology.
David Ferrall, chief executive of FinClear, said Shadforth was an important addition to FinClear’s client stable.
“It’s great to see a strong, national brand like Shadforth join our community of banks, brokers and advisers,” Ferrall said.
“We’ve grown more than 200 per cent over the [last] 12 months, and this new partnership is really the icing on the cake for what’s been an outstanding 2018-19 financial year for FinClear.”
Gene Phair, head of Shadforth, Tasmania, said the partnership was a result of a rigorous search.
“We were seeking a provider who could not only deliver a fast and efficient broking service, but whose client-first values aligned with our own,” Phair said.
“FinClear demonstrated a clear and thorough understanding of our business, and despite being relative newcomers to the industry, are genuinely focused on delivering a first-class client and adviser experience.”
AUTHOR
Chris Dastoor
Recommended for you
Outflows from an Australian private markets fund manager have caused FUM at Pacific Current to decline by $1 billion in the last quarter.
Former RIAA chief executive Simon O’Connor has joined the ethical advisory panel at U Ethical Investors.
Financial services leaders are “all cashed up with nowhere to grow” when it comes to M&A activity, according to Deloitte, with 90 per cent saying they have strong balance sheets ready for an acquisition.
As fund managers are urged to diversify their product ranges, they are finding a faster way to do this is via an acquisition of existing firms but experts say it is not without potential culture clashes.
