Sydney, Thursday 7 May 2026 — Evidentia Group today announced it has successfully completed the transfer of the Xplore Wealth Managed Discretionary Account (MDA) client investment portfolios, representing a circa additional $1.8 billion in funds to Implemented Portfolios (IPL), Evidentia Group’s MDA service provider.
This follows HUB24’s January 2025 announcement of its plan to wind down its MDA service, Xplore Wealth, as part of a broader strategy to consolidate its offerings.
The transition marks a significant milestone for Evidentia’s Implemented Portfolios business, further strengthening IPL’s position as Australia’s leading independent MDA provider, with total FUM of more than $4 billion.
Expanding Platform and Product Capability
The transition reflects Evidentia Group’s ongoing commitment to innovation and delivering scalable, high‑quality portfolio solutions to advisers and their clients.
Through this initiative, IPL has expanded its platform integration to include HUB24, while also enhancing its product capability – particularly across model manager solutions. This provides advisers with greater flexibility, improved operational efficiency, and access to a broad range of investment solutions to meet diverse client needs.
Mike Wright, Chief Executive Officer of Evidentia Group, said the transition aligned with the group’s long‑term strategic vision.
“Since acquiring Implemented Portfolios, the business has expanded its capabilities across investment administration platforms and solutions,” Wright said.
“This transition accelerates our vision to be the leader in managed accounts—enhancing adviser efficiency, strengthening scale, and delivering an exceptional experience trusted by advisers and valued by investors.”
A Major Operational Milestone
Chris Smith, General Manager of Implemented Portfolios, highlighted the scale and complexity of the project and the strong collaboration across teams.
“This was a significant piece of work involving multiple stakeholders, and I’m incredibly proud of how the teams worked together to execute the transition,” Mr Smith said.
“The successful completion demonstrates the depth of our capability and positions us strongly for future growth as we continue to broaden our model manager and platform offering.”
Strong Partnership with HUB24
Evidentia Group also acknowledged the constructive working relationship with HUB24 throughout the transition.
“We’ve worked closely with HUB24 to ensure a smooth and orderly transition for advisers and clients, and we value the collaborative approach taken throughout the process,” Wright said.
Market Leadership Position
With total MDA FUM now greater than $4 billion, IPL continues to strengthen its position as a leading independent MDA provider in Australia, reinforcing its role as a trusted partner for advisers seeking scalable managed discretionary portfolio solutions.
The completion of the transfer underscores Evidentia Group’s commitment to investing in capability, innovation and service excellence, while continuing to evolve its offering to meet the changing needs of advisers and their clients.
Release Ends
For media enquiries, please contact:
Naomi Christopher
General Manager, Marketing and Communications – Evidentia Group
Email: naomi.christopher@evidentiagroup.com
Phone: 0421 856 260
About Evidentia Group
Evidentia Group is Australia’s leading Managed Account provider with $34.8Billion in funds under management as at 31 March 2026. Formed through the merger of Evidentia, Lonsec Investment Solutions, and Implemented Portfolios, Evidentia Group brings together three of the industry’s most trusted names in managed accounts to offer one of the most comprehensive suites of investment solutions in the country.
Evidentia Group combines institutional-grade investment expertise with a practical, adviser-first approach, empowering financial professionals to deliver personalised, engaging and scalable investment experiences to their clients.
Evidentia Group is owned by ASX listed Generation Development Group (ASX: GDG), which operates three distinct businesses (Evidentia Group, Lonsec Research & Ratings and Generation Life) each focusing strategically on their core value propositions.