Openmarkets extends partnership with Pearler as broker for domestic equities

Openmarkets is pleased to announce it has extended its broking services agreement for an additional three years with Pearler, one of Australia's fastest growing digital finance platforms built for everyday Australians. The agreement sees Openmarkets continue serving as broker to Pearler for all CHESS-sponsored equities until mid-2029.

Launched in 2021, Pearler has grown over four years to become one of Australia's most influential self-directed personal finance platforms for younger investors, with more than $2.8 billion in holdings on platform.

Pearler offers an all-in-one self-directed platform built for the needs of the next generation. Its broad range of products are designed for long-term investing, including local and global equities, micro investing, a first home deposit savings product, a unique retail super offering that enables investing into 40+ ETFs, and products that help Australian parents build long-term wealth for children. Pearler's all-in-one offering is built on the premise of helping Australians take control of their financial future with lower risk, time-tested investment approaches with a long-time horizon. With 92 percent of its funds under management allocated to ETFs, and the balance in US and ASX stocks, super and cash, Pearler is the only true independent home of the ETF generation.

Pearler first appointed Openmarkets in October 2021 as its broker for domestic equities, making Openmarkets Pearler's first integration partner. Openmarkets' broking solution has since scaled with Pearler's growth.

Dan Jowett, CEO of Openmarkets, said Openmarkets was delighted to support Pearler's growth and connect its clients to Australian equities markets.

"Pearler is truly one of Australia's great fintech success stories, not just because of its massive growth but because of the positive impact it's had on everyday households across the country."

"Openmarkets is proud to have been part of Pearler's story since its early days and we're excited about a future together as we support Pearler's growth and mission to help Aussies achieve financial freedom."

Nick Nicolaides, CEO and co-founder of Pearler said high quality finance and technology partners are a key part of Pearler's all-in-one finance offering.

"Pearler has ambitions to grow significantly over the next twelve months, and we've enlisted a strong network of partners to power our products and enable us to achieve this. Our relationship with Openmarkets is one built on trust, accessibility, and quality service, and we're excited to continue our work together."

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About Openmarkets

Openmarkets (openmarkets.com.au) is an Australian financial services and technology provider headquartered in Sydney, with additional offices in Melbourne and Brisbane, Australia. Openmarkets provides trade execution, clearing and settlement services, options risk management and equity order management applications, and related products and services to its various client groups - financial technology providers; dealer groups, private wealth advisers, and stockbrokers; and high-volume traders.