Elston launches SMA offering via HUB24
Elston Asset Management has announced a strategic partnership with Brisbane-based wealth management firm, Quill Group to launch a private label separately managed account (SMA) offering via HUB24.
Elston head of distribution, Mark Smith said: “The team at Quill have long recognised the benefits of managed accounts in delivering not only some great outcomes for their clients but also greater scale and efficiencies for their business”.
Elston currently offers a range of SMA models across HUB4, Macquarie, and Netwealth and manages around $1.4 billion through managed account structures on behalf of clients across Australia.
The firm has off-the-shelf models and works with licensees looking to partner with a managed accounts specialist to develop their own private label SMA.
Quill Group chief executive, Peter Kirk, said: “The team at Elston were responsive to our needs and understood the change management required internally for our business as well as the practical difficulties of transitioning clients monies on to managed accounts”.
“Their experience in this area was invaluable in assisting us understand the process and make for a seamless transition.”
AUTHOR
Malavika Santhebennur
Recommended for you
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
