FinClear has partnered with Shadforth Financial Group to deliver, trading, clearing and settlement services, as well as its TradeCentre front-end technology
CEO David Ferrall said Shadforth was an important addition to the FinClear client stable, which has undergone strong growth over the past year.
“It’s great to see a strong, national brand like Shadforth join our community of banks, brokers and advisers,” he said. “We’ve grown more than 200% over the 12 months, and this new partnership is really the icing on the cake for what’s been an outstanding 2018-19 financial year for FinClear.”
The partnership sees FinClear providing direct trading, clearing and settlement services to Shadforth, as well as their TradeCentre front-end technology for client portfolio management. Gene Phair from Shadforth said the partnership was a result of a rigorous search.
“We were seeking a provider who could not only deliver a fast and efficient broking service, but whose client-first values aligned with our own,” he said. “FinClear demonstrated a clear and thorough understanding of our business, and despite being relative newcomers to the industry, are genuinely focused on delivering a first-class client and adviser experience.”
Mr Ferrall said FinClear had become an integral part of the Australian market fabric since its launch just over 18 months ago.
“We’re very proud that our technology trades, clears and settles well over half of all retail trades done in this country,” he said. “Our vibrant community of banks, brokers and financial advisers has really embraced our efficiency ethos and we are looking forward to another great year in 2019-20.”