HUB24 teams up with Striver to support next generation of advisers

HUB24 has announced an expanded partnership with tech-based human resources platform Striver to provide more educational resources to support the next generation of financial advisers.

In doing so, the firm explained that while the number of advisers in the industry has started to stabilise, more is needed to meet the growing demand for advice.

With HUB24 having provided Striver’s students and graduates with access to education on managed portfolios since 2022, students will now have additional access to HUBS24’s Managed Portfolio Academy, which provides insights on managed portfolios to help advisers enhance their value proposition and provide tangible benefits for clients.

Moreover, HUB24 said it will also be showcasing how emerging tech like artificial intelligence and machine learning can deliver cost-effective financial advice.

Anne McDonnell, HUB24 head of group marketing and communications, said the firm is delighted to be continuing its support of Striver and empowering better financial futures for clients.

“As the demand for access to quality financial advice continues to rise, ensuring a strong pipeline of new financial advisers into the industry is an important factor in meeting this demand and creating a sustainable advice profession,” Ms McDonnel commented.

According to the firm, HUB24’s chief product and innovation officer, Craig Apps, will also be delivering a keynote address to Deakin University students on the rise of AI within advice.

“Innovation, machine learning, and AI is playing a significant role in the future of advice,” Ms McDonnel explained.

“By leveraging technology and data solutions, we can help solve some of the key challenges advisers and clients are facing and pave the way forward for our industry.”

Striver founder and chief executive Alisdair Barr additionally thanked HUB24 on behalf of the platform for its continued support.

“From showcasing education materials on managed portfolios, to sharing their innovations in financial services through AI and machine learning, all designed to achieve better outcomes for current and future advisers and their clients,” Mr Barr said.

“We look forward to continuing our partnership with HUB24, supporting the sustainable growth of the profession and our mission of creating fulfilling careers.”

Last month, HUB24 reported $1.9 billion of platform net inflows for the March quarter, a 28.6 per cent reduction compared to the previous corresponding period.

Moreover, HUB24 also declared that its pipeline of opportunities continued to grow during the quarter, with 27 new distribution agreements signed and a 9.2 per cent increase in the total number of advisers using the platform to 3,748.