GPS Wealth launches tailored platform



Independent Australian Financial Services Licensee (AFSL), GPS Wealth, has teamed up with HUB24 to provide its advisers with a tailored platform.
The new platform, branded CAREportfolio will provide advisers with "multiple benefits" covering super, pension and investments, while providing a complete managed account and wrap offering, GPS Wealth managing director, Grahame Evans, said.
"Our advisers now have a modern flexible platform solution that means less paperwork, more transparency and greater control over clients' tax outcomes," he said.
"We believe our innovative and flexible portfolios provide a significant point of differentiation for GPS Wealth.
"With a best of breed platform, our advisers have the support to run their practices more efficiently to solve their clients' advice needs."
HUB24 managing director, Andrew Alcock, said the platform had been built to enable GPS Wealth advisers and their clients to "enjoy the full benefits of HUB24's market leading platform together with the fully transparent, cost-effective implementation of their portfolios".
Recommended for you
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.