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.
Important information
This information is for accredited, qualified, institutional, wholesale or sophisticated investors only and is provided by Aura Group and related entities and is only for information and general news purposes. It does not constitute an offer or invitation of any sort in any jurisdiction. Moreover, the information in this document will not affect Aura Group’s investment strategy for any funds in any way. The information and opinions in this document have been derived from or reached from sources believed in good faith to be reliable but have not been independently verified. Aura Group makes no guarantee, representation or warranty, express or implied, and accepts no responsibility or liability for the accuracy or completeness of this information. No reliance should be placed on any assumptions, forecasts, projections, estimates or prospects contained within this document. You should not construe any such information or any material, as legal, tax, investment, financial, or other advice. This information is intended for distribution only in those jurisdictions and to those persons where and to whom it may be lawfully distributed. All information is of a general nature and does not address the personal circumstances of any particular individual or entity. The views and opinions expressed in this material are those of the author as of the date indicated and any such views are subject to change at any time based upon market or other conditions. The information may contain certain statements deemed to be forward-looking statements, including statements that address results or developments that Aura expects or anticipates may occur in the future. Any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected in the forward-looking statements. This information is for the use of only those persons to whom it is given. If you are not the intended recipient, you must not disclose, redistribute or use the information in any way.
Aura Group subsidiaries issuing this information include Aura Group (Singapore) Pte Ltd (Registration No. 201537140R) which is regulated by the Monetary Authority of Singapore as a holder of a Capital Markets Services Licence, and Aura Capital Pty Ltd (ACN 143 700 887) Australian Financial Services Licence 366230 holder in Australia. View Privacy Policy here