HUB24 white labels for Fortnum
Publicly-listed investment and superannuation platform provider, HUB24, has signed a white label agreement with risk-focused dealer group, Fortnum Financial.
The company announced to the Australian Securities Exchange (ASX) today that under the arrangement new white label would be developed with final agreements to be signed involving the e-Clipse Unified Managed Account and e-Clipse Super services which together currently hold around $650 million on behalf of Fortnum's principal practices.
It said the service were expected to be transferred to the HUB24 platform in the first of next year.
The announcement said the white label platform would include both superannuation and investor directed portfolio services with full integrated custodial and non-custodial assets.
Industry-leading investment and superannuation platform provider HUB24 (ASX: HUB) have signed an agreement to partner with Fortnum Financial Group (Fortnum).
Recommended for you
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.