Financial Planning
HUB24 secures bespoke platform mandate

HUB24 is delivering a custom platform solution to the national adviser network of a 115-year-old wealth management business.

Patersons Securities selected HUB24's platform to white label and run alongside its existing in-house platform Accolade.

Patersons currently has 113 financial advisers on its books, overseeing about $13.5 billion in CHESS-registered assets. Its Accolade platform administers about $2.4 billion in funds under management.

After an extensive market review, HUB24 was selected for its ability to deliver a solution that meets the diverse needs of Patersons clients including customised managed portfolios based on proprietary research strategies.

"After a review of a number of potential platform providers, we selected HUB24 for their strong understanding of the private wealth and stockbroking sectors, and all-round superior platform capabilities," Patersons chief operating officer Jane Tandy said.

"HUB24's subsidiary Agility Applications, a market-leader in data integration was also a key factor for Patersons in choosing HUB24, leveraging their collective capabilities in wealth management and stockbroking sectors."

HUB24 managing director Andrew Alcock said the platform provider is delighted to be partnering with Patersons, supporting its ongoing growth strategy.

"Licensees and advisers are selecting HUB24 due to our continued commitment to innovation and connecting their clients to opportunities that create wealth. This partnership is testament to the success of combining the expertise of Agility Applications and HUB24 to provide our clients with a comprehensive solution for their custodial and non-custodial clients," he said.

The Patersons-branded HUB24 platform is available to advisers and clients now.

Read more: HUB24Patersons SecuritiesAndrew AlcockJane Tandy
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