DASH acquires Integrated Portfolio Solutions

Mike Taylor

Managing Editor and Publisher

16 July 2024

Digital advice company, DASH Technology Group has moved to acquire Integrated Portfolio Solutions in a move it says will allow it to further develop a new advice model.

The transaction was approved today, with DASH executive director of Strategy, Darren Pettiona saying that the acquisition represents a synergistic fit and aligns with DASH’s  strategy to assist advisers and institutions deliver a cost-efficient, scalable advice offering accessible to all Australians.

“Platforms should manage and report on assets in a way that provides a cost-effective outcome. Traditional platforms have struggled to effectively manage and report on non-custodial assets, akin to fitting a square peg into a round hole,” he said.

Integrated is a portfolio administration solution that administers $10.6 billion in funds under administration (FUA) and expands DASH’s FUA to more than $15 billion.

The announcement said Integrated’s unique combination of technology and service removes the burden of portfolio administration and reporting as a ‘whole-of-wealth’ non-custodial platform. Integrated currently services investment advisers, family offices, financial planners, and ultra-high net worth direct clients.

“By leveraging our digital advice and platform technology, advisers can finally implement a profitable, scalable solution to service low-balance and intergenerational clients. The addition of Integrated will allow DASH to efficiently serve the entire financial planning spectrum including high net worth, ultra-high net worth, and family offices.”