PRIVATE EQUITY
Integrated exceeds $7.7b milestone
This represents a 54% growth rate year on year and a ~30% growth rate per annum since 30 June 2015.
This represents a 64% growth rate year on year and a 29.4% growth rate per annum since 30 June 2015.
Aura Group is pleased to announce that the SaaS wealth management platform Integrated Portfolio Solutions, a portfolio company of Aura Ventures, has surpassed A$6b in Funds Under Administration (FUA) as of 30 June 2020.
This represents a 64% growth rate year on year and a 29.4% growth rate per annum since 30 June 2015. Aura Ventures invested in IPS in 2017 when FUA was c.$1.7b.
While IPS has typically serviced the wealth management and stockbroking segment, the last 12 months has seen particularly strong flows from family office and small institutional clients. The period also included the milestone of signing its first client based in Asia. IPS has a contracted onboarding pipeline in excess of A$1b which will bring its FUA to approx. $7B by the end of 2020.
IPS Head of Sales Nigel Singh commented, “We are pleased to see the continuing evolution and growth of Integrated. We are investing in digitisation and introducing new features and functionality that increase both advice efficiencies and client engagement. We want to ensure we continue to meet the evolving needs and preferences of our clients and provide innovative technology solutions. We are also maintaining our focus on our core platform capabilities such as year-end reporting and data feeds.”
IPS provides the infrastructure for advisors and investors to deliver wealth and portfolio management strategies at scale, in a non-custodial framework. With increasing regulation and higher client expectations, it’s important that advisors have access to technology that empowers them to efficiently deliver high-quality financial advice whilst enhancing the client experience.
IPS also welcomed Damien Hatfield as a Non-Executive Director. Hatfield has two decades of experience working in senior roles at Ascalon, Colonial First State and Pengana Capital. “I’m excited by the opportunity that Integrated presents and look forward to being part of the growth of what I feel is a differentiated offering,” Damien Hatfield said.
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