New partnership

Patersons Securities Limited, a stockbroking and wealth management firm has partnered with HUB24 to provide a retail superannuation solution to its national adviser network.

Patersons currently uses Accolade, which administers approximately $2.4 billion in funds under management, and the new HUB24 solution will work alongside it.

Patersons’ Securities chief operation officer Jane Tandy said HUB24 was chosen for its ability to deliver a solution that would meet the needs of Patersons diverse client base.

“After a review of a number of potential platform providers, we selected HUB24 for their strong understanding of the private wealth and stockbroking sectors, and all-around superior platform capabilities,” she said.

The managing director of HUB24 Andrew Alcock said the partnership was a testament to the success of their products.

“We’re delighted to be partnering with one of Australia’s oldest and most distinguished financial services firms and supporting their strategy to broaden their offer in the market. Licensees and advisers are selecting HUB24 due to our continued commitment to innovation and connecting their clients to opportunities that create wealth.”