Fortnum e-Clipse transitions to HUB24

HUB24/MDA/Fortnum-Financial/

9 June 2016
| By Jassmyn |
image
image
expand image

Independently-owned licensee, Fortnum Financial Group's e-Clipse Super Fund has partially transitioned $190 million in assets to HUB24 Super Fund.

The assets were on behalf of over 900 member accounts, following the transition of the e-Clipse Managed Discretionary Account (MDA) services in March where HUB24 was appointed administrator and custodian.

The majority of the members were in the fund and the remaining were UK pension benefit holders, and were planned to be transitioned to the wealth management platform provider in due course.

HUB24 managing director, Andrew Alcock, said the transition and launch of the Fortnum products was completed in a relatively short time.

"There's a growing appetite from independently-minded groups like Fortnum who value HUB24's superior reporting and transaction solutions with best practice managed portfolio/SMA [separately managed account] implementation," he said.

"Our team is focussed on helping licensees and advisers adopt a comprehensive best interests platform solution with market leading portfolio management functionality at its core."

e-Clipse Invest and e-Clipse Super services provide a full range of managed and direct investments.

In addition, a suite of customised managed portfolios offered by Innova Asset Management has been created.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 4 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 2 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND