Lonsec and UBS Australia (UBS) are pleased to announce that the mandate to clear and settle all domestic equities and mFund transactions for the stockbroking arm of the Lonsec Fiscal group has been awarded to UBS.
The decision to transfer the mandate to UBS was driven by Lonsec’s desire to partner with a clearing services provider with a proven track record of stability and continuous improvement necessary to support the material growth in its broking business.
Lonsec Stockbroking provides high quality securities services tailored to the needs of finance advisers, offering informed opinions on appropriate investment strategies, portfolio reviews, model portfolios and skilled execution.
Nathan MacPhee, Joint CEO, Lonsec Fiscal said, “Lonsec is committed to providing our intermediary clients quality, full service stockbroking capabilities and believe our partnership with UBS Clearing will further enhance our ability to provide superior, stable, solution focused operational support to our client’s business.”
Scott Webster, Head of UBS Platform Solutions Group added, “We are delighted to be working with Lonsec and providing them with our market leading equities clearing and settlement solution. We look forward to supporting them as they grow their already successful business.”
Source: Lonsec, UBS
