Acquisition History
· May 2023 HUB24 to acquire myprosperity. myprosperity is a leading provider of client portals for accountants and financial advisers. Client portals with enhanced capability like myprosperity, are transforming client engagement by delivering a holistic view of household wealth, providing secure digital engagement and facilitating collaboration between clients and the financial professionals they have a relationship with. https://announcements.asx.com.au/asxpdf/20230503/pdf/05p9y767gxmlyd.pdf
· October 2021 HUB24 to acquire Class Limited via scheme of arrangement. HUB24 and Class are highly complementary businesses with a track record of innovation and aligned culture and values, focussed on the delivery of solutions that support professional advisers and accountants to implement investment, tax and strategic advice. By leveraging the combined capabilities there is an opportunity to deliver increased value, efficiency and product solutions for both existing and new customers. It is intended that Class will operate as a business unit within the HUB24 group under the Class brands and leadership team. https://announcements.asx.com.au/asxpdf/20211018/pdf/451r3kpnvd32ys.pdf
· December 2020 Proposed investment in Easton Investments. The investment in Easton will position HUB24 as a strategic shareholder in a leading service provider to financial advisers and licensees whilst a Technology Partnership arrangement will secure Easton as an anchor client for HUBconnect’s data and technology services. https://announcements.asx.com.au/asxpdf/20201221/pdf/44r547gsl3nh0r.pdf
· October 2020 annouces three strategic transactions - the proposed acquisition of investment platform provider Xplore Wealth Limited (ASX:XPL) ('Xplore') by way of a scheme of arrangement for $60 million via a combination of cash and HUB24 scrip consideration at an effective Xplore share price of $0.20, which represents a premium of 203% to the closing price of Xplore shares on 27 October 2020 the acquisition of Ord Minnett’s non-custody Portfolio Administration and Reporting Service (‘PARS’) for $10.5 million upfront cash consideration .The proposed subscription for new shares in Easton Investment Limited (ASX:EAS) (‘Easton’) for cash consideration of $14 million and divestment of HUB24 subsidiary Paragem Pty Limited (‘Paragem’) to Easton for $4 million of new Easton shares which, following a share buyback, will result in HUB24 having a shareholding of up to 40% of Easton. The Easton shares will be issued at a share price of $1.20, which represents a 38% premium to the closing price of Easton shares on 27 October 2020. https://announcements.asx.com.au/asxpdf/20201028/pdf/44p608lxl4cv7t.pdf
· Novmber 2016 Acquires Agility Applications. Agility is a specialist provider of application, data exchange and technology products and services to the financial services industry, currently servicing approximately 40% of Australia’s stockbroking market. Consideration of $6 million on completion, made up of $2 million in cash and $4 million in HUB24 ordinary shares representing approximately 0.74 million shares. https://announcements.asx.com.au/asxpdf/20161128/pdf/43d8wxs1x5h5qf.pdf
· August 2014 Acquires the independently owned financial planning licensee Paragem Pty Ltd. Paragem is a leading boutique dealer group, founded by Ian Knox and Charlie Haynes that has grown strongly to license 20 high quality financial advisory practices across Australia, which advise on more than $2.5 billion of client funds. https://announcements.asx.com.au/asxpdf/20140821/pdf/42rml56ck1hj8t.pdf
Change of Name
· August 2013 Change of name from Investorfirst Ltd to HUB24 Ltd. The new name reflects the Company’s single focus on the HUB24 Investment and Superannuation platform as a result of ceasing the operations of the Investorfirst stock broking business earlier this year. The HUB24 brand and service is well recognised in Australia amongst our customers, their advisers and dealer groups for supporting the achievement of superior superannuation and investment outcomes for investors. https://announcements.asx.com.au/asxpdf/20130819/pdf/42hrmgkhd6pl98.pdf
