overhang gone, re-rating due, page-10

timber,
I could have this wrong way round but my understanding is that INQ do not actually directly offer SMAs or anything similar themselves after having divested their stockbroking side Rather they licence others, say brokers, financial planning groups, etc to use the HUB24 technology.

for example, from their 8th August release:-

"
InvestorFirst announced that it has signed a Platform Distribution Agreement with InterPrac. The agreement will see the HUB24 platform delivered as a branded platform for use by accountants and practices that are members of the National Tax & Accountants Association (NTAA). Practices with their own AFSL as well as authorised representatives of InterPrac Financial Planning will have access to the badged HUB24 platform. InterPrac will also utilise HUB24's market leading managed portfolio technology to create Separately Managed Account investment options for the clients of accountants using the platform"

regards, EB