GDG.ASX: Completion of Xplore Wealth Client Book Migration

Completion of Xplore Wealth Client Book Migration

Stock	Generation Development Group Ltd (GDG.ASX)
Release Time	7 May 2026, 8:24 a.m.
Price Sensitive	Yes

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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.