POWERED BY MOMENTUM MEDIA
Investorfirst receives refund on HUB24 development
Investorfirst has received a $1.1 million research and development (R&D) Tax Incentive in July in regards to its development of the HUB24 investment and superannuation platform in 2012.
The R&D Tax Incentive is a government initiative that aims to offset some of the costs of doing R&D for Australian businesses.
Investorfirst's product development included two new superannuation and pension products and a number of retail and group insurance options. It also further developed HUB24's managed portfolio capabilities.
The company expects to make an additional claim in 2013 following its ongoing involvement in the superannuation platform's development, including direct market trading of listed securities and the AdviserHub portal for financial advisers.
Investorfirst acting chief executive Jason Entwhistle said one of the biggest challenges in proprietary technology development was in a product's funding prior to commercialisation.
"Our continued focus on innovation is helping drive adoption of the platform by financial advisers and building a strong pipeline for future business," he said.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.
The fund manager remains positive on the outlook for gold and believes ongoing market volatility will provide opportunities to acquire small-cap stocks in promising sectors.
T. Rowe Price Group VP said investment strategies must adapt to an ageing population, as Australians outlive their retirement savings.
The international asset manager expects AI will reach a point in the near future where it can autonomously manage investments within certain parameters set by fund managers.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
