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
With HNW investors representing the largest market for alternative assets, Praemium and CoreData research underscores why this presents a compelling opportunity for advisers.
Having completed the successful integration of Diverger, Count has upgraded its forecast for expected synergy benefits achieved by the acquisition by a third.
Australia’s largest licensee has seen the biggest number of adviser losses over the past week, while the expected wave of new entrants has boosted overall adviser numbers.
Iress has increased its forecast adjusted EBITDA by $5 million for the 2023/24 financial year in light of the sale of its platform business to Praemium and hinted at a return to dividend payments.
