Integrated platform provider Hub24 has introduced new data feeds and automation capabilities to its platform to give advisers a clearer picture of their clients’ wealth.
Hub24 chief product and innovation officer Craig Apps stated the new features were developed in collaboration with financial advisers who were seeking expanded access to multiple sources of client financial information integrated into a single platform.
“The new automated feeds are the latest addition to a series of product enhancements made available this year,” Apps said.
“By leveraging this capability, advisers using the Hub24 platform can obtain a holistic view of their clients’ asset allocation simply by adding in other investments, such as property values, other Australian or international shares, private equity funds or even collectibles, such as art or wine.”
The new service features allow advisers to add or remove external investment information, such as cash accounts, term deposits, listed securities, managed funds and direct property, and integrate this data across Hub24’s portfolio dashboard, InvestorHub, and Hub24 Present.
Apps added Hub24 introduced these features to support advisers to get a better understanding of their clients’ wealth and improve their service offering and provision of advice to them.
“Through ongoing discussions with advisers, we identified a range of other features that would make it easier for advisers to have more holistic conversations with their clients,” he said.
“As a result, advisers now have the ability to customise the terms used for asset classes, for example, ‘listed infrastructure’ versus ‘alternatives’, enabling them to use consistent language that their clients understand across multiple documents, which also supports compliance processes.”
In May, Hub24 acquired myprosperity, a secure portal provider, to advance its ‘platform of the future’ strategy and solidify its position as a leading provider of integrated platforms, data solutions and technology for financial services practitioners and their clients.