Independently owned national licensee GPS Wealth has selected HUB24 (ASX: HUB) to provide a new managed account offering for its member firms. The initiative will see HUB24’s award winning technology deployed in a fully customised and branded manner and will be centred on GPS Wealth’s innovative investment portfolios.
With total funds under advice well in excess of $1 billion, GPS Wealth has grown in recent years from a boutique licensee to more than 60 firms nationally. The business has attributed much of its success to intensive client engagement including the industry recognised Game of Money™ and its investment philosophy known as CARE.
GPS Wealth Managing Director Grahame Evans said “Our group continues to develop, and it’s paramount to support practices with the best possible tools and investments to enable delivery of quality and consistent advice to our clients. HUB24 impressed us with their state of the art platform technology, flexibility and ability to support our key managed account range across both superannuation and investment”.
He added “GPS is an independently owned group, and it is our goal to be aligned with like-minded businesses that are at the forefront of innovation and change and have the systems to support us as we develop”.
HUB24 recently announced it has reached $1.4 billion of funds under administration which underscores the company’s position as one of the fastest growing platforms in the country. HUB24 Managing Director, Andrew Alcock commented, “We’re very proud that GPS Wealth has selected HUB24 for this new venture. This initiative supports the demand we are experiencing for our market leading functionality in the rapidly growing managed account sector. We will continue to focus on supporting independently minded advisers and licensees, such as GPS Wealth”.