Sentry appoints HUB24 as UMA provider

Sentry Group has confirmed its appointment of HUB24 to provide unitised managed accounts (UMA) and complementing services for the dealer group’s 330 planners operating across three advice networks.

“Initially we plan to trial the UMA facility with a select group of planners who provide highly specialised services to high-net-worth clients as the tax planning advantages of utilising a UMA will maximise the worth and style of the administration platforms,” said Sentry Group chief executive Murray Hills.

“Furthermore, the portfolio construction, modelling and reviewing processes through HUB24 will assist Sentry’s planners to guide their clients in a more customised and personalised way than previously possible,” he added.

HUB24’s trading and reporting system allows advisers to bulk trade for clients across investment products simultaneously in managed funds, listed securities, exchange traded funds, separately managed accounts, individually managed accounts, fixed interest and cash, according to Sentry.

The HUB24 UMA will also complement Sentry’s other badged platform products and provide planners with access to a wide range of options and emerging technologies. HUB24 was established in 2007 to design and build an administration platform for managed discretionary accounts and similar complementing services, Sentry said.