Cloud-based SaaS wealth management technology provider GBST has announced the acquisition of Advice Intelligence, an award-winning cloud-based end-to-end financial planning software solution. Jacqui Henderson, founder of Advice Intelligence, will join GBST following the acquisition.
Advice Intelligence complements GBST’s recently acquired Salesforce adviser solution GBST WealthConnect and will further accelerate the company’s ability to offer both digital and hybrid advice to the global wealth market.
GBST expects strong global demand for its complete suite of cloud-based solutions including its capability to deliver digitally driven optimised advice for retail investors and their advisers, aligned to the accepted recommendations in the Quality of Advice Review (QAR) in Australia.
UniSuper has acquired a prime 50% interest in a 340K sqm industrial property portfolio comprising 20 assets in a deal worth over $500 million AUD. The portfolio was purchased from the National Pension Service of Korea.
The deal gives UniSuper a half stake in a portfolio of 20 assets, of which 12 are in the Quarry Industrial Estate in Sydney’s west, while the remainder lie within one of Melbourne’s key industrial markets, at Truganina in the city’s west.
Speaking of the acquisition, Nick Stephens, Senior Manager Property at UniSuper said:
“We are delighted to acquire this high-quality portfolio of stabilised income producing assets to complement our existing industrial development pipeline in the strongly performing logistics sector. The investment adds to our $7.3 billion unlisted property portfolio. The transaction highlights UniSuper’s ability to transact swiftly without the need for debt funding or regulatory approvals. As genuine long-term investors, we continue to look for unique opportunities that help our members grow their retirement savings.”
Equip has launched its refreshed brand, Equip Super, consolidating and enhancing its offer to members and positioning the fund for further growth.
The new brand consolidates membership, operations and investments under the Equip Super master brand, marking the unification of Equip and Catholic Super into fund.
“These changes will drive more efficiencies in our fund to deliver strongly for members – through reduced fees from a more streamlined fund and a better, tailored member experience,” said Equip Super CEO Scott Cameron.
“This positions the fund to achieve its strategic objective of growing to $50 billion of funds under management,” he said. With more than 140,000 members, Equip Super currently has $30 billion FUM, with a growth target of $50 billion.