ClearView cuts key platform deal with HUB24

19 March 2020
| By Mike |
expand image

Platform provider HUB24 has won a key mandate, being selected by ClearView as its strategic wrap platform provider.

The two companies announced to the Australian Securities Exchange (ASX) today that under the arrangement around $1 billion in funds under management (FUA) would be migrated from the current ClearView WealthSolutions wrap platform to HUB24.

The announcement said the two companies would also collaborate on future initiatives including investment and insurance product development.

It said a heads of agreement had been executed between HUB24 and ClearView covering a number of deliverables which were planned to be implemented in stages by 31 December with the first phase involving the development and launch of a ClearView white label version of HUB24 Invest and HUB24 Super due for launch in April.

Commenting on the arrangement, ClearView managing director, Simon Swanson said the aim was to provide a new high quality, differentiated wrap-based offer to advisers and clients focused on adviser efficiency and offering choice and value for money.

“Additionally, we will be adding a number of our current products to the HUB24 platform and will be working with Hub24 to jointly develop innovative new products that leverage ClearView’s unique capabilities,” Swanson said.

He said the two companies were actively working together to progress the initiatives and finalise formal agreements which were subject to obtaining applicable superannuation trustee and responsible entity approvals as well as ensuring regulatory requirements are met.

Read more about:



Recommended for you


Stay up to date with Australia’s top news and information source for the wealth management industry


sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry


Absolutely agree with you on this Les. That's how I see it too. The client facing "new" SOA document might shrink down a...

2 days 1 hour ago
Stephen Eedy

Most advisers are now degree-qualified with many years of actual practical industry experience, and are fully-qualified ...

2 days 1 hour ago
Dominic Widlake

This is all so ridiculous. I have 33 years experience, and have studied hard over the last 4 years to obtain the gov...

2 days 1 hour ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

5 months ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

4 months 3 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

5 months ago