Generation Development Group Completes $1.8bn Xplore Wealth Client Book Migration
Key points
- Migrated $1.8 billion in funds under management to Evidentia Group's Implemented Portfolios
- Reinforces Implemented Portfolios' position as Australia's largest independent MDA provider
- Integration with HUB24 platform expands Evidentia's capability across leading investment administration platforms
Full summary
Generation Development Group Limited (ASX: GDG) has confirmed the successful migration of the Xplore Wealth managed discretionary account (MDA) investment portfolios to Evidentia Group's Implemented Portfolios private label MDA service on the HUB24 platform. The transition of $1.8 billion in funds under management (FUM) increases Implemented Portfolios' total FUM to more than $4 billion, reinforcing its position as Australia's largest independent MDA provider. The integration with the HUB24 platform expands Evidentia's capability across multiple, leading investment administration platforms and supports broader distribution of its managed account capability. This announcement follows Generation Development Group's March 2026 Quarterly Update, where the company outlined its plans for the Xplore Wealth client book migration.
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