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Lonsec reveals new CEO 13 May 2021 The former chief executive of a managed accounts group will come on board to head the adviser research house in two months’ time. In a statement, Lonsec said it had appointed Mike Wright – most recently CEO of Xplore Wealth before its merger with HUB24 in March – as the new head of the business. “Mike’s unique blend of leading teams to develop and implement client-oriented growth and service initiatives along with his strong industry relationships and knowledge were exactly the leadership attributes that we were seeking,” ...

Lonsec reveals new CEO Lonsec reveals new CEO The former chief executive of a managed accounts group will come on board to head the adviser research house in two months’ time. A A In a statement, Lonsec said it had appointed Mike Wright – most recently CEO of Xplore Wealth before its merger with HUB24 in March – as the new head of the business. “Mike’s unique blend of leading teams to develop and implement client-oriented growth and service initiatives along with his strong industry relationships and knowledge were exactly the leadership attributes that we were seeking,” Lonsec ch...

The ratings house has appointed former Xplore Wealth chief executive Mike Wright into the role.

When former head of Paragem Nathan Jacobson started having conversations with advice networks to find a merger partner, it wasn’t in his plan to become the MD of an ASX listed company. “During the process with Easton I was asked to lead the company, which was a good surprise,” Jacobson says during an interview with Professional Planner. Platform provider HUB24’s deal in October last year involved selling its wholly-owned licensee business Paragem to the ASX-listed Easton Investments for $4 million as well as completing a proportional takeover of the company for $14 million. The deal ...

HUB24 records $1.9bn inflows HUB24 records $1.9bn inflows The investment platform has lured almost $2 billion in net inflows over the March quarter, with its acquisitions driving its growth and its platform funds more than doubling from a year prior. A A HUB24’s total funds under administration (FUA) now sits at $51.4 billion, including the newly acquired Xplore Wealth, which contributed $17.2 billion. The total has more than tripled from March 2020, up by 236.7 per cent. Xplore’s team has now transitioned across to join HUB24, with the merged entity working on building its future operati...