Shadforth signs new tech partner

Shadforth Financial Group has signed a new partner to provide third-party clearing and settlement services.

FinClear will now deliver trading, clearing and settlement services to Shadforth, along with its TradeCentre front-end technology.

FinClear chief executive David Ferrall said Shadforth is an important addition to the FinClear client stable.

"It's great to see a strong, national brand like Shadforth join our community of banks, brokers and advisers," he said.

"We've grown more than 200% over the 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."

Head of Shadforth in Tasmania Gene Phair said: "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."

The partnership was a result of a rigorous search for the appropriate partner, he added.

"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," Phair said.

Ferrall expressed delight at FinClear's substantial growth.

"We're very proud that our technology trades, clears and settles well over half of all retail trades done in this country," he said.

"Our vibrant community of banks, brokers and financial advisers has really embraced our efficiency ethos and we are looking forward to another great year in 2019-20."

Read more: FinClearShadforth Financial GroupDavid Ferrall
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