Integrated Portfolio Solutions has announced that its funds under administration has surpassed $6 billion as of 30 June which represented a 64% growth year on year thanks to strong flows from family office and small institutional clients.
At the same time, the firm has signed its first Asian client and appointed Damien Hatfield as its new non-executive director.
Hatfield had two decades of experience working in senior roles at Ascalon, Colonial First State and Pengana Capital.
The firm said that as of now it had a contracted onboarding pipeline in excess of AU$1 billion which would bring its FUA to approximately $7 billion by the end of Q3 2020.
Integrated head of sales, Nigel Singh, said the firm focused on investing in digitisation and introducing new features and functionality that increased both advice efficiencies and client engagement.
“We want to ensure we continue to meet the evolving needs and preferences of our clients and provide innovative technology solutions,” Singh said.
“We are also maintaining our focus on our core platform capabilities such as year-end reporting and data feeds.”
