Suncorp offers online share trading to investors
Suncorp Bank is offering online share trading to investors through online broker CMC Markets.
General manager, customer development, Tim Buckett said Suncorp wanted to make investing in shares as easy as possible by providing the best tools and education.
The bank has been able to lower its online trading costs for new and existing customers, he added.
“Cost effectiveness was also a consideration and this platform enables us to offer customers access to comprehensive investment research to support their investment decisions at no extra cost,” he said.
Many of their customers were looking to leverage off their mortgages and diversify out of cash and property, he said.
The trading platform integrates easily with existing systems.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.