Ord Minnett and Sentry Group switch on to Hub24
Investorfirst has announced that its Hub24 Super offering has gone live with dealer groups Ord Minnett and Sentry Group.
The platform operates under an investor-directed portfolio service (IDPS) model and includes retail super, self-managed super fund administration and wholesale banking as part of its offering, according to Investorfirst chief executive David Spessot.
The new partnerships are the first major advisory groups to begin using HUB24 Super since it switched to the IDPS model, having initially operated as a fully managed discretionary account service.
Spessot said the company has partnered with the independent trustee The Trust Company to offer the product, which provides financial advisers with access to managed funds, separately managed accounts, term deposits and listed securities.
The platform also provides accumulation, account-based pension and transition to retirement account structures, as well as access to account detail via an online portal and an iPhone application.
AUTHOR
Staff Writer
Recommended for you
Almost 70 per cent of asset managers are planning to control costs via product rationalisation, according to a global survey by Northern Trust, as they seek to offer clients a best-in-class experience.
Fund managers should work collaboratively with data providers to minimise greenwashing risks in their products as a positive ESG score can be a “gamechanger” for a fund’s demand with advisers.
Asset manager Janus Henderson has made two acquisitions in the ETFs and emerging markets space as it takes strategic steps to meet client needs.
Self-reporting issues to ASIC could lead to a reduced charge for a fund manager but it may not exempt them from enforcement action altogether, according to ASIC chair Joe Longo.
