Sydney, 26 September: HUB24 Limited (HUB24) has announced a strategic alliance with Reach Alternative Investments (Reach Alternatives), that has resulted in HUB24 taking a minority equity holding.
Alongside the strategic investment, HUB24 will collaborate with the team at Reach Alternatives and potentially other industry providers to co-design innovative products and solutions to offer a broader range of alternative investment solutions for advisers and their clients.
Powered by purpose-built technology, Reach Alternatives has built strong relationships with global alternative asset managers and facilitates access for Australian investors to high-quality private equity and private credit investments, including global top-tier funds not generally available in Australia.
Recent research from Investment Trends highlights increasing demand for alternative investments from high net worth (HNW) investors, who collectively control $3.4 trillion in investable assets, with changes in portfolio allocation for alternatives up from 3% to 5% in FY24.
HUB24’s Director of Strategic Development Jason Entwistle said HUB24’s investment is aligned with the HUB24 Group’s strategy to collaborate with industry providers to develop innovative products that enable advisers to deliver solutions for emerging client needs.
“We’re delighted to be partnering with the team at Reach Alternatives who facilitate access to high-quality private market investments in Australia. Accessing institutional grade alternative investments has traditionally been difficult for advisers and their clients.”
“Our investment demonstrates our ongoing commitment to delivering innovative products and solutions that enable advisers to empower better financial futures for more Australians.”
Reach Alternatives CEO Sam Phillips said he is delighted to be working alongside HUB24 to deliver high-quality alternative investments for Australian clients.
“We are thrilled to partner with HUB24. This strategic investment validates our business and enhances our ability to scale and bring high-quality private market investments to a broader audience. Together, we are focused on delivering solutions that remove the barriers to private markets while offering HNW investors access to some of the most proven asset managers globally.”
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For media inquiries contact:
Natalie Pennisi
npennisi@hub24.com.au
P: 03 9275 7835
About HUB24
HUB24 Limited is listed on the Australian Securities Exchange, and includes the award-winning HUB24 Platform, HUBconnect, Class, NowInfinity and myprosperity.
The HUB24 Platform offers advisers and their clients a comprehensive range of investment options, including market-leading managed portfolio solutions, and enhanced transaction and reporting functionality. As one of the fastest growing platforms in the market, the platform is recognised for providing investment choice and innovative product solutions that create value for advisers and their clients.
For further information, please visit www.HUB24.com.au
About Reach Alternative Investments
Reach Alternative Investments is a tech-enabled investment company that provides access to the best global private equity funds, traditionally available only to the largest institutional investors. Its mission is to provide access to asset managers and their private market funds, enabling smaller investors to build robust investment portfolios. Reach also provides a seamless administrative experience for investors, private-wealth groups and family offices.
For further information, please visit www.reachalts.com.au