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HUB24 Pty Ltd is a Sydney based private company founded in July 2007 by Ian Litster,
Darren Pettiona and Suwandi Tan. The company was established with the main objective
of designing and building an efficient, reliable and cost effective administration
platform for Managed Discretionary Accounts (MDA's) and similar services.
Using the experience of the company's principals in the provision of IT solutions
for the financial services industry, together with its employees' skills and expertise
in the manufacturing of IT systems using the latest technologies, HUB24 has built
a web-based single-system solution addressing the needs of the management of investment
portfolios, including compliance, administration and other supporting functions.
The resulting system not only provides the necessary functionality to administer
an MDA, but can also be used to carry out management and administration of any collection
of investments, regardless of their underlying tax structure. HUB24 has also added
the necessary functionality to support managers, trustees and administrators of
Self-Managed Superannuation Funds (SMSF's) in their compliance with their regulatory
obligations, so the system can also be used to fully administer a SMSF.
The choice of delivering the system via the internet implies that financial planners,
advisers, SMSF trustees/administrators and other users enjoy 24 hours access and
support. On login, users can quickly review their (or their clients') portfolios
at any time and assess the impact of potential decisions and planned actions.
Our focus is the provision of a superior portfolio administration system by:
- Designing our system on the basis of an integrated view of the needs of portfolio
administration. That is, in a way that takes into account all the tasks and processes
involved in the portfolio administration function such as: the advice process, the
investment selection and Non-Unitised Portfolio construction, the administration and updates
of the non-unitised portfolio, the compliance obligations, the management and ongoing
monitoring of portfolios, the regulatory and accounting requirements, etc.
- Using a development approach that allows us to respond quickly to the requirements
of our clients, leading to continuous and efficient enhancement processes.
- Choosing to work in association with reputable professional organisations operating
in the financial services industry, which are capable of providing valuable ideas
and insights, as well as practical support in our development efforts to ensure
our system's reliability, accuracy, professional presentation and ease of use are
up there with the best.
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