HUB24 and Easton complete Paragem transaction
One of the central pillars of HUB24’s acquisition and growth strategy has been completed, with Easton Investments announcing that the Paragem acquisition is complete.
The Easton Investments announcement to the Australian Securities Exchange (ASX) came at the same time as Paragem founder, Ian Knox, confirmed he had stepped down as non-executive chair of the company. Knox remains as non-executive chair of Lonsec.
Easton’s announcement said the technology partnership and distribution agreement between it and HUB24 was now in place as “as framework to explore software development projects”.
Easton also announced that former Snowball founder and current HUB24 non-executive director, Tony McDonald would be nominated to the Easton board as the first of two new non-executive directors to be nominated by HUB24.
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.
