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 (ASX: XPL) (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.
Xplore Wealth also fully owns an APRA regulated Registrable Superannuation Entity (RSE) licencee, Aracon Superannuation Pty Ltd, the trustee of Aracon Superannuation Fund ABN 40 586 548 205. .
Xplore Wealth's broad range of platform solutions provide real choice for advisers managing their clients' wealth.