HUB24 partners with another dealer
Private advisory firm Lachlan Partners has selected HUB24 as its preferred platform provider.
This is the 20th agreement executed by HUB24 since June 2011, bringing the total number of dealer groups contracted since the platform was established to 31.
"The contract is particularly noteworthy for the parties, as it is structured along a partnership model, with clear milestones set for each party and a particularly exciting initiative being the ability for Lachlan Partners to take more responsibility in product manufacturing for its clients," said HUB24 chief executive officer Darren Pettiona.
Lachlan Partners provides services such as accounting, tax, auditing, property advice and wealth management, employing 15 financial advisers. The firm is mostly owned by its principals, in addition to 19 per cent ownership by the Macquarie Group.
"The continued strong organic growth coming from [Lachlan Partners] represents a quality pipeline of growth for the HUB24 business," stated HUB24's parent company Investorfirst.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
