Xplore Wealth provides a full suite of Wrap solutions including managed accounts. We provide global market access across multiple exchanges and a broad range of investment instruments.
Xplore Wealth Limited has ceased trading on the Australian Stock Exchange (ASX) following its acquisition by HUB24 Limited, an ASX listed company, on 2 March 2021. Xplore Wealth Limited continues to be a wholly owned subsidiary of HUB24 but is no longer an ASX listed company.
A wrap account enables the adviser to consolidating and manage their client’s investment portfolio. They revolve around a central cash account, which pays interest and serves as a transitional account, funding buy transactions, and receiving the proceeds of sold investments and income received.
The wrap is operated by a trustee but the investor retains beneficial ownership of the underlying assets.