POWERED BY MOMENTUM MEDIA
Hub24 completes Agility acquisition
Publicly-listed platform business HUB24 has completed its acquisition of Agility Applications Pty Ltd, completing a transaction announced to the market in late November, last year.
The company announced to the Australian Securities Exchange (ASX) today that the acquisition was consistent with HUB24's strategy to pursue significant growth by partnering with like-minded technology providers to develop and offer an end-to-end suite of solutions across a broader set of wealth management business models.
Agility was founded in 2007 by Craig Apps and Paul Biggs and is a specialist provider of application, data exchange, and technology products and services to the financial services industry.
HUB24 has developed a non-custody reporting solution that is fully integrated with its investment and superannuation platform. It said Agility's services would complement HUB24's solution and accelerate enhancements to support stockbrokers, as they increasingly transition into wealth managers.
It said that, additionally, financial advisers using HUB24's investment and superannuation platform would also benefit from the integration of Agility services which will include additional client management and reporting functionality.
AUTHOR
Mike Taylor
Recommended for you
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.
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
44.24 3 y p.a(%)
4
Pengana High Conviction Equities B
40.36 3 y p.a(%)
5
Pengana High Conviction Equities A
40.34 3 y p.a(%)
