A new initiative between HUB24 and Prodigy Investment Partners has enabled portfolio managers on the platform to access the Flinders Emerging Companies Fund at wholesale rates, and pass on the benefits to financial advisers and their clients.
Managing director of HUB24, Andrew Alcock, said portfolio managers, financial advisers and their clients would be able to access specialised investment IP at up to 60 per cent less than the retail rate.
“HUB24’s scale and technology enable fund managers to reduce pricing as a proportion of the traditional distribution cost is offset,” said Alcock. “There are no rebates or margins retained by HUB24, unlike other platforms’ business models where fund managers offer discounts to platforms which then repackage the fund.”
Alcock said there was value in supporting the growth of new fund managers who have track records of outperformance, and are supported by institutional grade infrastructure.
“Encouraging innovation and competition will no doubt lead to superior outcomes for clients,” he added.
