HUB24 launches more simplified offering

Alongside its existing managed portfolio offerings, HUB24 has released its Discover option for advisers to satisfy the requirements of less complex, early- or late-stage clients.

The offer is available on HUB24 Invest, Super and Pension in addition to the existing Core and Choice offerings. It seeks to assist advisers in expanding their advice proposition and service capabilities for clients who may be in their early accumulation stage or late retiree stage.

HUB24 Discover, created in association with several portfolio managers, offers a plethora of passive, active and ESG managed portfolios from investment managers including AZ Sestante, Betashares, Blackrock iShares, Elston, Lonsec, Morningstar, Vanguard and Zenith.

“We’re excited to be launching our new HUB24 Discover solution,” HUB24’s Director of Strategic Development, Jason Entwistle, said.

“Discover complements our existing Core and Choice offers and expands our reach, providing a unique solution for advised clients seeking simplicity and affordability in their investment options – whether they’re starting out on their advice journey with their first portfolio or entering the drawdown phase.

“What’s great about Discover is the quality of the investment managers delivering a streamlined list of managed portfolios coupled with our award-winning platform features, and a competitive simplified fee structure.

“It’s also truly portable so as their clients’ needs evolve, advisers can easily transition them across to our Core and Choice offers with minimal unintended or costly insurance or tax consequences.”

The platform provider said its Discover option is also a more cost-effective way to access a streamlined range of managed portfolios that are better suited to less complex advice and investment needs.

“The ability to offer Vanguard’s Diversified Managed Account Strategies through HUB24’s new Discover platform simply means more choice of high-quality investment solutions for financial advisers and their clients,” Vanguard Australia’s Head of Financial Adviser Services, Balaji Gopal, said.

“Providing low-cost, instant exposure to over 16,000 securities through a range of asset classes, our Diversified Managed Account Strategies harness Vanguard’s global portfolio management expertise and proven strategic asset allocation approach.”

“BlackRock is excited to see the addition of its Enhanced Strategic Model Portfolios and ESG Model Portfolios to HUB24’s Discover menu options,” Chantal Giles, Head of Wealth at BlackRock Australasia, said.

“These low-cost diversified investment solutions are key examples of how BlackRock can deliver quality portfolio construction guidance to help advisers build better portfolios for their end clients. Ultimately, it gives everyday Australians access to institutional-quality portfolios that best meet their desired investment goals.”