DASH targets whole-of-wealth solutions with platform upgrades

The firm said these platform upgrades reflect DASH’s commitment to providing a whole-of-wealth solution that is accessible and scalable for all advice-led businesses, delivering a “next-generation technology solution” designed to meet the needs of investors and advisers across the spectrum.

This round of advancements introduce support for trading and reporting across more than 20 international stock exchanges as well as multi-currency administration across international assets, FX, fixed interest and private non-custodial assets.

Advisers will also be able to utilise a new performance and reporting suite, featuring 16 enhanced reports, and an improved user interface and upgraded client portal with advanced reporting features.

Targeting everything from retail clients to family offices and ultra-high-net-worth (UHNW) investors, the firm suggested its offering will now better meet the needs of a growing wholesale investment market.

DASH chief executive Andrew Whelan said: “Every upgrade we deliver is shaped by feedback from advisers and their clients.

“This marks a major milestone for DASH off the back of last year’s capital raise, delivering meaningful, next-gen enhancements for existing DASH clients. We’ve worked closely with advisers to ensure the new solution meets their needs and goes beyond what they’ve had access to previously, and beyond what has previously been available in the market.”

Looking back over the past year for DASH, the firm secured an initial $20 million investment from Bailador in July, followed by a further $10 million in October, to fund its acquisition of Integrated Portfolio Solutions (IPS).

IPS is a portfolio administration solution with $10.6 billion in funds under management. It acts as a “whole-of-wealth” non-custodial platform, removing the burden of portfolio administration for investment advisers, family offices, financial planners and UHNW investors.

Jumping forward to June 2025, DASH reported a $44.7 million (49 per cent) uplift in its carrying value and now has $18 billion in funds under advice on its platform.

In an ASX statement, DASH said the firm is “currently completing a new capital raising and has signed binding legal documentation with a new investor at a valuation 59 per cent higher than Bailador’s equity investment.

“The 59 per cent uplift applies to Bailador’s $25 million equity investment only, delivering a blended increase of 49 per cent ($14.7 million) on the total carrying value, which represents an increase in NTA of $0.099 per share (pre-tax).”

DASH declined to comment on what the capital raising would be used for or how much it is.