POWERED BY MOMENTUM MEDIA
Fortnum e-Clipse transitions to HUB24
Independently-owned licensee, Fortnum Financial Group's e-Clipse Super Fund has partially transitioned $190 million in assets to HUB24 Super Fund.
The assets were on behalf of over 900 member accounts, following the transition of the e-Clipse Managed Discretionary Account (MDA) services in March where HUB24 was appointed administrator and custodian.
The majority of the members were in the fund and the remaining were UK pension benefit holders, and were planned to be transitioned to the wealth management platform provider in due course.
HUB24 managing director, Andrew Alcock, said the transition and launch of the Fortnum products was completed in a relatively short time.
"There's a growing appetite from independently-minded groups like Fortnum who value HUB24's superior reporting and transaction solutions with best practice managed portfolio/SMA [separately managed account] implementation," he said.
"Our team is focussed on helping licensees and advisers adopt a comprehensive best interests platform solution with market leading portfolio management functionality at its core."
e-Clipse Invest and e-Clipse Super services provide a full range of managed and direct investments.
In addition, a suite of customised managed portfolios offered by Innova Asset Management has been created.
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
