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HUB24 Limited

ASX Announcements

Ceasing to be a substantial holder for DN1

Ceasing to be a substantial holder

Becoming a substantial holder for DN1

Becoming a substantial holder

Change of Director's Interest Notice - Rachel Grimes

Change of Director’s Interest Notice

Change of Director's Interest Notice - Anthony McDonald

Change of Director’s Interest Notice

Market Sensitive

HUB24 1HFY25 Analyst and Investor Pack

Half Yearly Report

View all HUB announcements

This Month

Alex Waisilitz, founder of Thorney Investments at his Collins Street office in Melbourne, but has plans to spend more time in New York and Israel.

‘We’ll fight’: Alex Waislitz on family battles and bad bets

The billionaire investor is mired in clashes with his ex-wife, future sister-in-law and developer Tim Gurner. But he’s up for it, he says.

December 2024

The best and worst ASX stocks of 2024

The stocks that did the most damage in 2024 – and the ones that ruled

One fintech darling has more than tripled in the past 12 months, but the same can’t be said for lithium stocks on the front line of the EV slowdown.

October 2023

Diverger chief executive Nathan Jacobsen.

COG Financial Services throws hat in the ring for Diverger

Street Talk understands the asset finance broking group has lobbed a bid to rival Count Ltd’s offer for the ASX-listed financial service provider.

August 2023

Hub24 CEO Andrew Alcock.

Hub24 in $50m share buyback, profit surges 160pc

The investment platform business is targeting $100 billion in funds as it draws financial advisers and self-managed superannuation investors to its offering.

June 2023

Kelly Power, chief executive of Colonial First State’s superannuation funds, has urged the government to make changes so more people can afford financial advice.

‘Have courage’, CEOs urge government on financial advice reform

Australia’s big wealth managers have called for “bold” legislative change to boost access to financial advice in line with the contentious Levy review.

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January 2023

Appetite for debt-fuelled sharemarket speculation has fallen sharply as higher interest rates force investors to re-evaluate the economics of margin loans.

Hub24 shares slip on $4.4m blowout

Shares in Hub24 fell after the wealth management technology firm revealed a 23.6 per cent decline in platform inflows and two major impairments.

November 2022

UBS has resumed coverage of ASX-listed wealth managers.

UBS unconvinced by AMP, Insignia turnarounds

Australia’s largest retail wealth managers still face a slew of revenue and regulatory headwinds three years after they were blasted by a royal commission.

Buy, hold, sell: Three of the ASX’s most-shorted stocks (and two long-term compounders)

QVG’s Josh Clark and ClearLife Capital’s David Moberley analyse three heavily shorted stocks and name one stock with enviable compounding potential over the long term.

October 2022

Tether is earning $US2.5 billion of interest on safe assets.

The cash kings: why hedge funds and stablecoins are riding high

While most of the market is feeling the burn of higher interest rates, some operators new and old, can’t believe their luck.

August 2022

Markets turmoil offered a “reality check” for Hub24.

Hub24 marks record inflows, but market rout poses ‘reality check’

ASX-listed wealth management technology provider Hub24 reported net profit after tax of $14.7m for 2022.

Millennials are seeking greater engagement with their super, says Class CEO Tim Steele.

Millennial SMSFs a lucrative trend for wealth platforms

ASX-listed Hub24 will provide SMSF admin services to discount neo-brokers aimed at the burgeoning community of young investors.

April 2022

Praemium CEO Anthony Wamsteker says the firm can become a leading platform provider.

Wealth platforms claw $3.3b as Wexit frees up market

Shares in Hub24 jumped 3 per cent to $26.20, while shares in Praemium surged 16.9 per cent to 72c by 2pm in Tuesday’s trade.

March 2022

HUB24 CEO Andrew Alcock.

Buy Hold Sell: Three quality results and two that disappointed

Two fund managers discuss three results that impressed during reporting season, and two that left them disappointed.

February 2022

Coles reported earnings today.

All the profit results for February 22, 2022

Results briefing | News and analysis on today’s profit results from Alumina, AMA Group, ARB, AUB, Cochlear, Coles, Costa, Deterra, Estia, G8 Education, HomeCo Daily Needs, Hub24, Humm, Ingenia, Johns Lyng, Jumbo Interactive, Judo Bank, Macquarie Telecom, Macmahon, Monadelphous, Nanosonics, Perenti, RAM Essential, Regis Resources, Seven Group, Superloop, Uniti, Virtus, Whispr.  Find updated reports and analysis here.

Hub24 CEO Andrew Alcock.

Wealth manager Hub24 races to beat ‘war for talent’

Hub24 CEO Andrew Alcock says the tightening situation in the wealth management workforce has him ‘alert, not alarmed’.

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January 2022

IOOF CEO Renato Mota ditched Westpac for Hub24 to administer  Rhythm Super.

Hub24 adding $1b in investor funds each month

Wealth management technology firm Hub24 added $3.6 billion in investor funds in the December quarter, buoyed by a $350 million injection from competitor IOOF.

November 2021

Matt Heine and his father Michael want to capture the benefits of scale.

Wealth platforms yet to crack mass market

A flurry of takeover activity among the insurgents in the wealth platform space shows a market reaching maturity and enormous unmet demand in mass-market advice.

October 2021

Hub24 MD Andrew Alcock said he was attracted to Class’ SaaS capability.

Hub24 to triple customer base with Class deal

Hub24 managing director Andrew Alcock said the two companies were a “neat fit”, performing similar functions in different parts of the market. 

Australian shares are off to a positive start this week, with futures pricing in a rise of 0.42 per cent from Friday’s close of 7362.

Hub24 to acquire Class, valuing company at $386 million

Investment and superannuation platform Hub24 has made a mainly scrip-based offer for wealth accounting platform Class, valuing the business at $386 million.

Andrew Alcock’s early career as a software developer has been a competitive advantage.

Why coming out made Hub24’s CEO a better leader

Andrew Alcock has presided over the investment administrator’s transformation from an obscure micro-cap to a sharemarket darling.

Original URL: https://www.afr.com/company/hub-qb