HUB24, an investment and superannuation platform, agreed to acquire Xplore Wealth, an investment platform provider, Ord Minnett’s Portfolio Administration and Reporting Service, and a 40% stake in Easton Investment, a financial services provider. HUB24 will also divest its subsidiary Paragem to Easton as part of the transaction. HUB24 will pay $30m for Xplore, $7m for Ord's PARS, $14m for stake in Easton. “The successful completion of these transactions which include the acquisition of Xplore Wealth and Ord Minnett’s PARS, will result in a 47% increase in custodial FUA, around 400 new adviser relationships and the expansion of non-custody administration FUA to $14bn," Andrew Alcock, HUB24 CEO and Managing Director.