Investorfirst has received a $1.1 million research and development (R&D) Tax Incentive in July in regards to its development of the HUB24 investment and superannuation platform in 2012.
The R&D Tax Incentive is a government initiative that aims to offset some of the costs of doing R&D for Australian businesses.
Investorfirst's product development included two new superannuation and pension products and a number of retail and group insurance options. It also further developed HUB24's managed portfolio capabilities.
The company expects to make an additional claim in 2013 following its ongoing involvement in the superannuation platform's development, including direct market trading of listed securities and the AdviserHub portal for financial advisers.
Investorfirst acting chief executive Jason Entwhistle said one of the biggest challenges in proprietary technology development was in a product's funding prior to commercialisation.
"Our continued focus on innovation is helping drive adoption of the platform by financial advisers and building a strong pipeline for future business," he said.
The asset manager is bolstering its investments in the global energy transition and climate opportunities.
The ethical investment manager has reported record FUM as its growth trajectory continues apace.
The chief investment officers of UniSuper, HESTA, and TelstraSuper have elaborated on opportunities and risks that are top of mind when it comes to illiquid assets like private credit within their portfolios.
In an address to the National Press Club last week, the incoming chair of Australia’s sovereign wealth fund said institutional investors could play a role in the winding road towards net zero.
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