Xplore Wealth Ltd (ASX: XPL) (formerly Managed Accounts Holdings Ltd) was established in 2004 to provide Managed Discretionary Accounts (MDAs) to the financial planning market. Over the next 13 years the Group grew to approximately $2.5 billion in funds under administration (FUA) – making it Australia’s largest specialist MDA provider.

In November 2017, the Company merged with the Linear platform business in Melbourne. Linear, which was established in 2008 provides administration and technology solutions to the wealth management industry with a focus on platform, superannuation, registry administration and reporting solutions. At the time of the merger Linear had over $10 billion FUA on behalf of some of Australia’s largest private banks and stockbroking firms.

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Feb 2018 10:30 AM
Managed Accounts Holdings (ASX..
13 Feb 2018 - Managed Accounts Holdings (ASX:MGP) CEO, David Heather, talks about the merger with Linear Financial Holdings, record inflows and what the merger means for clients.

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