FinClear appointed by Netwealth to provide individual HIN data and trading capability

FinClear supports leading wealth platform to offer fully integrated direct equity ownership

FinClear, Australia’s leading independent technology and infrastructure provider for financial market access, today announced a new partnership with Netwealth, an ASX 100 company and one of Australia’s fastest growing wealth management businesses, that will enable it to offer individual HIN data and trading to investors and wealth professionals.

FinClear will provide the capability via APIs to the Netwealth platform, augmenting its current reporting and trading solution.

The Netwealth platform currently offers trading via a custodial solution but is looking to provide greater flexibility to its clients with the added option of trading and reporting on their individual holdings, which will be available either via the Netwealth platform or in conjunction with a stockbroker or wealth manager that transacts with FinClear.

The iHIN offering will streamline processes for financial advisors and stockbrokers who have clients with HIN holdings, as they will now be able to execute trades from the Netwealth platform or from their own trading screens in a quicker, more efficient and more secure manner, whilst also being able to access custodial assets, like managed funds, international equities, domestic and foreign bonds or managed account models.

Netwealth’s decision to partner with FinClear was driven by the extensive capabilities of FinClear’s market-leading API broking technology, enabling Netwealth to efficiently and cost effectively integrate with FinClear’s systems.

Commenting on the appointment, Matt Heine, CEO of Netwealth, said:

“We’re excited to be adding iHIN administration and reporting for our users, as part of our mission to continuously improve efficiencies, user experiences and customer options as we expand our platform to service greater segments of the Australian wealth management industry including stockbrokers and HNW firms.

“When we set out to bring this additional offering to customers, FinClear was the clear choice of provider. We have tried and tested its proprietary tech, expertise and flexibility, and we knew it would be a straightforward and efficient process.”

David Ferrall, CEO of FinClear, said:

“We are proud to continue to grow our role in the wealth space, improving financial markets infrastructure for many Australians. This offering will improve the experience for those using Netwealth’s gold standard services.

“Now end investors on the Netwealth platform have the option to hold assets directly in their own name, and financial advisors or wealth managers will have a far more efficient process for trading, administration and reporting.”