HUB24

Investment in technology, strengthening infrastructure, expanding product offerings and acquisitions are underpinning this financial services company’s strong earnings performance – and investors are lapping it up.

Greater efficiencies and technological advances have made platforms integral to investment outcomes, and they are increasingly helping advisers focus more on client relationships by leaving the nuts and bolts up to automated tools, according to a panel of industry leaders.

Disruptor wealth platforms like HUB24, Netwealth and Praemium have been taking market share from the mostly bank-aligned platforms for years. While waning investor sentiment has hurt inflows recently, analysts say these platforms are still well positioned in the shift away from incumbents.

Netwealth and HUB24 are expected to continue eating the incumbents’ lunch, according to UBS. Meanwhile, as adviser numbers have halved the average amount of money they manage has doubled.

Inflation fears are ripping through markets again with experts suggesting a correction may already be underway after the US Fed prepares to end the easy money era of the pandemic. US Federal Reserve member James Bullard spooked markets with his hawkish tightening monetary policy comments. He sees the ‘first interest rate rise as soon as…