HUB24 creates white label platform for TFS
Platform provider HUB24 has produced a white label investment platform for Total Financial Solutions, a financial planning dealer group owned by CountPlus Limited.
The platform is available to TFS' 95 financial planners across 53 practices and will collectively have funds under advice exceeding $2 billion. HUB24 will develop and administer both Investor Directed Portfolio Services (IDPS) and superannuation managed account/wrap offerings.
The latest launch followed the launch of branded platforms for Premium Wealth Management and Interprac.
"We have developed three new white labels concurrently over the last quarter, allowing rapid deployment for our new licensee clients," said HUB24 chief executive officer Andrew Alcock.
"TFS represents a major new opportunity for the firm, and we are delighted to be chosen as a key strategic partner to implement their exciting managed account initiative," he added.
The agreement with TFS takes the number of HUB24's white label offerings to eight, with more than 41 licensees now utilising the platform.
AUTHOR
Milana Pokrajac
Recommended for you
Financial advisers and wealth managers need to exceed their clients’ desires for personalisation, a new EY report writes, and the requirements for this will vary between client segments.
Betashares chief executive, Alex Vynokur, believes technology advancements will enable banks to return to financial advice in the future as the need for advice is greater than ever.
Centrepoint Alliance has upgraded its expected financial results for FY24, thanks to strong adviser recruitment and the acquisition of Queensland advice firm Financial Advice Matters.
The corporate regulator has permanently banned a Melbourne-based financial adviser that “dishonestly attempted to induce clients to transfer their superannuation into a bank account he controlled”.
