HALO Technologies’ innovative investment platform scale-up is taking shape, with the company securing two Australian agreements to grow its customer footprint.

HALO (ASX:HAL) has set its focus on Australian and international growth since listing on the ASX in April, and today’s announced deals represent a milestone in doing just that.

The first agreement is with a Sydney-based dealer group of 25 Corporate Authorised Representatives (CARs), who each provide personal advice to established books of investment clients.

Under the terms of the deal, the dealer group will allow CARs on their licence to use the HALO Professional service to research global equities and ETFs, open accounts and execute trades across 26 countries and 32 exchanges on behalf of their clients.

By utilising HALO Professional’s unique trading and analysis capabilities, this move will provide the CARs and their clients access to global equity research, advice and trade execution beyond the domestic equities they have previously owned.

In addition to this deal, HALO has also successfully executed the first of what it hopes will be many direct agreements with individual CARs to access HALO professionals.

This deal represents around $300 million worth of client funds under management, divided between two Authorised Representatives.

It is expected that the bulk of these clients – save for some whose personal circumstances make transfer impossible – will be shifted to the HALO Professional service over the next 12-18 months.

The majority of the funds under management in the client book represent self-managed super funds and family office funds and are expected to be carried over.

This is a significant deal for HALO, which currently hosts around $210 million worth of funds under management on its platform.

Speaking on the announcement of the deals, HALO CEO George Paxton said the company was focused on its dual strategy of growing its customer footprint domestically while pursuing growth opportunities abroad.

“These deals are a step in our focus of growing our Australian customer footprint, to convert existing, well established wealth advisors and their clients onto the HALO platform to drive strong revenue growth through subscription charges and increased transaction volumes,” he said.

“HALO continues to pursue this strategy in tandem with exploring opportunities to expand its global customer base, with both designed to add significant scale to the business.”

HALO’s software solution is designed to bring sophisticated, institutional-grade analytical frameworks and market insights to everyday investors.


This article was developed in collaboration with HALO Technologies, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.