Is Hub24 a good platform?

Hi G F.

As an individual investor buying LICs and ETFs, you’ve now realised that, in most cases, there’s no need for expensive funds, expensive platforms, and expensive advisors.

What benefit are you getting from the platform that you couldn’t get with a low cost broker?

Platforms like HUB 24 are essentially what advisors use as it’s useful for them to manage with lots of managed funds, shares, etc all in the one spot. But if you’ve moved away from the advisor, then it makes less sense to use a wrap platform like that.

Granted, I don’t know all the details of your situation, but those are just some outside thoughts.

All the best.
Dave

Hi G Force,

My name is Nick and I’m a cofounder of Pearler, thanks for asking this one.

We are building our own chat tech to help answer questions that are a little more detailed in nature, we train them on our own content with a view to matching the Pearler philosophy or simple, cost effective wealth management – whilst the answer is generated by a bot, it’s reviewed and edited by our team to ensure it not only adds value, but aligns to our philosophy.

I personally reviewed this one before it was published and found it covered the topic in a pretty decent way, for what is intended to be a general discussion forum without the typical emotive language we’ve become accustomed to on other more general forums.

I think you’re asking a key question, but if you want a more detailed response this is something that you’re really only going to get from your adviser. I would be asking them to give a cost / benefit analysis of Hub24 (including buy/sell spreads etc on the funds listed) vs ETFS that provide an equivalent exposure on self-management on platforms like ours that don’t have ongoing fees.

All the best,

Nick