Lonsec Fiscal Holdings Pty Ltd (Lonsec) today announced that it has sold its stockbroking business to FinClear Pty Ltd (FinClear).

FinClear is a locally owned financial services business providing wholesale market access and outsourcing solutions. This acquisition positions FinClear with a unique value proposition to deliver independent and quality execution and outsourcing services to wholesale advisory clients.

Meanwhile Lonsec has intensified its commitment to innovate and expand its investment and superannuation research services, with a core focus of enabling better investment outcomes for its intermediary clients – financial advisers, superannuation funds and fund managers.

For existing stockbroking clients, it will be business as usual, with services and staff remaining unchanged by the acquisition. The experienced team of advisers in Melbourne and Sydney will continue to deliver the quality investment advice, portfolio review and execution services that they are known for. Importantly, no additional data or re-signing of documents will be required from clients.

Under FinClear’s ownership, the stockbroking business will continue to provide clients with exclusive access to Lonsec’s direct equity model portfolios – a portfolio service that has delivered consistent value add to advisers and their clients for more than fifteen years. Clients will also have access to Lonsec’s ASX200 equity research service, which is tailored to specifically meet the needs of the financial advice market.

“Lonsec and FinClear’s commitment to work closely together means that wholesale advice clients will essentially get the best of both worlds”, said Amanda Gillespie, Lonsec’s CEO. “They will benefit from access to Lonsec’s proven model portfolio and research capabilities, while also knowing that they have the support of a locally owned and independent wholesale broking service through FinClear.”

David Ferrall, CEO of FinClear, commented, “We believe that Lonsec Stockbroking is the only independent, non-conflicted, wholesale broking services business in Australia and we are excited to be building out increased services for financial intermediaries in execution, clearing and settlement of ASX and Chi-X listed equity and derivative transactions. In particular, we see a significant opportunity to support the growing trend of new wealth advisory firms being established by previous employees of large financial institutions.”

FinClear will transition the stockbroking business to new branding in due course.


For more information, contact:

David Ferrall
CEO FinClear
+61 2 8039 6001

Amanda Gillespie
CEO Lonsec Fiscal Holdings
+61 2 8651 6750

FinClear Acquires Lonsec’s Stockbroking Business

About Lonsec Fiscal Holdings Pty Ltd

Lonsec Fiscal Holdings is a privately owned entity with a multi-brand strategy of providing a full range of specialised services for financial advisers, superannuation funds and fund managers. Key brands within the group include Lonsec Research and SuperRatings.

Lonsec Research is a market leading provider of investment research, portfolio construction and consulting services to financial advisory businesses. Lonsec Research has been providing insight on investment products for more than 20 years and has one of the largest domestically domiciled research teams within the investment research industry. The breadth and depth of the team enables Lonsec Research to cover an expansive range of investments, both domestically and globally, listed and unlisted.

SuperRatings is Australia’s first and most respected superannuation research company, with specialist areas of expertise and the most expansive data in the industry. SuperRatings’ professional services and proprietary research tools allow superannuation funds to monitor and improve their performance and benchmark their services and products against their competitors. Its independence positions SuperRatings as a trusted industry partner and a valued commentator on the superannuation industry. Research coverage spans the MySuper, Accumulation and Pension segments of the industry. SuperRatings also provides consulting services to the industry and has been retained to provide services for many of Australia’s largest superannuation funds, Government bodies, industry service providers and corporates.

About FinClear Pty Ltd

FinClear Pty Ltd is a privately owned Australian company and ASX General Clearing Participant. FinClear offers market access, execution, clearing and settlement services as well as a range of other outsourcing products.

Recently admitted to the ASX as a General Clearing Participant, FinClear sees a growing need for additional competition in the execution and clearing space for financial services businesses to service their clients through an Australian owned and locally focused provider.

Joining the board of Lonsec Stockbroking will be:

  • David Ferrall – Managing Director, Formerly of Commonwealth Bank and JP Morgan, David has over 30 years’ experience in Investment Banking and Stockbroking in Australia and Asia-Pacific.
  • Joakim Sundell – Director, Kim was until recently a Director and Board member of publicly listed financial software service company GBST for over 15 years.
  • Tony Lynch – Director, Tony was previously CFO at Pershing Australia, where he was part of the management team that set up and rapidly grew the third party clearing and settlement model in Australia.