Xplore Wealth is one of Australia’s longest serving Specialist Platform Providers (SPP) and investment administrators, with extensive expertise in managed accounts. Xplore Wealth’s Investment Platform, broad Managed Account offer and Superannuation services provide a choice of wealth management options for Australia’s leading financial advisory firms, full-service stockbrokers and wealth managers.
Xplore Wealth Ltd (formerly Managed Accounts Holdings Ltd) was established in 2004 to provide Managed Discretionary Accounts (MDAs) to the financial planning market. Over the next 13 years the Group grew to approximately $2.5 billion in funds under administration (FUA) – making it Australia’s largest specialist MDA provider.
In November 2017, the Company merged with the Linear platform business in Melbourne. Linear, which was established in 2008 to provide administration and technology solutions to the wealth management industry with a focus on platform, superannuation, registry administration and reporting solutions. At the time of the merger Linear had over $10 billion FUA on behalf of some of Australia’s largest private banks and stockbroking firms.
On 2 March 2021, Xplore Wealth Limited was officially acquired by HUB24 Limited (ASX:HUB) after Xplore shareholders approved the Share Scheme presented to them. The Share Scheme was approved by the Federal Court on 18 February 2021. At the time of the acquisition, Xplore Wealth had over $16.5b in FUA across its MDA, platform and superannuation offerings.
Xplore Wealth's broad range of platform solutions provide real choice for advisers managing their clients' wealth.
Xplore Wealth is a leading specialist provider and administrator of:
As an administrator, Xplore Wealth provides investment administration and associated services for Independent Financial Advisers (IFA’s), Investment Managers, Stock Brokers, Private Banks and Institutions with both wholesale and retail client bases.
Xplore Wealth offers clients a superior technology solution through a combination of in-house Australian-based software development and best-of-breed software from external vendors.
Over the years, our expertise and experience in building Private Label Services has enabled many adviser groups to deliver a superior Service for their own business and their clients.