Evidentia completes Xplore Wealth MDA transition

Mike Taylor

Managing Editor and Publisher

7 May 2026

Evidentia Group has further expanded its Managed Accounts reach announcing today that it has completed the transfer of the Xplore Wealth Managed Discretionary Account (MDA) client investment portfolios.

It said this represents around an additional $1.8 billion in funds to Evidentia’s MDA service provider, Implemented Portfolios.

The outcome follows HUB24’s decision in January, last year, to wind down Xplore Wealth as its MDA service as part of a broader strategy to consolidate its offerings.

Announcing the successful transfer, Evidentia said it marked a significant milestone, further strengthening IPL’s position as a leading independent MDA provider with total funds under management (FUM) of more than $4 billion.

The announcement said that through the initiative, IPL has expanded its platform integration to include HUB24, while also enhancing its product capability – particularly across model manager solutions.

Commenting on the completed project, Evidentia chief executive, Mike Wright said the transition aligned with the firm’s long-term strategic vision.

“Since acquiring Implemented Portfolios, the business has expanded its capabilities across investment administration platforms and solutions,” Wright said.

“This transition accelerates our vision to be the leader in managed accounts—enhancing adviser efficiency, strengthening scale, and delivering an exceptional experience trusted by advisers and valued by investors.”