Platform provider Hub24 has partnered with diversified financial services firm Euroz Limited to create a white label platform for the latter’s private wealth clients.
The new platform is called Encore, and “substantially broadens” the investment choices for Euroz clients, according to a statement.
“Users of Encore will also benefit from the collective capability of Hub24 and its subsidiary Agility Applications via an integrated desktop interface connecting platform and broker applications from a single sign on,” the statement said.
“This solution will provide advisers with a unified view of their client portfolios including holdings on the platform as well as securities under a Holder Identification Number.”
The service will also allow advisers of stockbroking firm Euroz Securities and fellow Euroz subsidiary Entrust Private Wealth Management to “provide bespoke investment, superannuation and administration solutions” to their clients, the statement said, with Euroz stating it will launch a number of managed accounts on Hub24 in “early 2018”.
“Thanks to the combined solutions of both Hub24 and Agility we’re now taking the efficiency benefits we can generate for advisers and stockbrokers to the next level,” said Hub24 managing director Andrew Alcock.
“This is also an exciting business for us as it is the first white label partnership where we’re offering an integrated solution with our subsidiary Agility Applications.”
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