The fintech that bought a broker officially unveils platform for advisers – combining AI-driven compliance, seamless execution, and the muscle of Morrison Securities
The principals, Shantanu Jha (SJ) and Manfredi de Flippo, co-founders of the quantitative trading firm Beaconsfield Capital, have doubled down on their 80% holding of ASX market participant Morrison Securities and contributed $2.5 million to the new venture.
They are anticipated to invest more to accelerate the growth of the Xynon technology suite and market offering.
Beaconsfield has recently had a string of hits in Silicon Valley deep-tech, including futuristic defense company Anduril, humanoid robotics company Figure AI, semiconductor plays like Lightmatter, and AI plays like Anthropic and Antithesis, which are all
The Australian financial advice industry has no shortage of platforms promising efficiency, compliance, and investment choice – but Xynon’s founders say most start in the wrong place.
“Too many wealth platforms start at the registry and bolt on investment intelligence later,” says CEO and co-founder Shantanu Jha. “We flipped the model.”
That inversion is the foundation of Xynon’s official launch, which comes after the wealth-tech acquired Morrison Securities – one of Australia’s largest independent clearing participants and largest retail option wholesale broker – to create a full-stack, capital allocation-first advice platform.
“Xynon is re-imagining the current platform proposition, which is too complex, costly and has lost sight of what is important. Xynon has built a solution that isn’t a platform, building out from investment trading to deliver advisers and clients superior investment outcomes and an AI-enabled user experience,” said Jha.
Built from the broker layer up
By building from the broker infrastructure layer up, Xynon gains direct control over execution, compliance, and transaction data.
Advisers will get real-time compliance monitoring, AI-powered workflows, adviser-client-licensee portals, structured products and advanced portfolio tools with tax and performance reporting capabilities baked in.
The approach contrasts with ASX-listed incumbents like HUB24 (ASX: HUB) and Netwealth (ASX: NWL), which have built significant market share in the wealth platform sector by focusing on managed accounts with managed funds and Australian shares, then layering in back-end capabilities.
Xynon’s founders say starting at the investment proposition and user experience gives them a speed, compliance and cost advantage.
“Advisers that we speak with are looking for greater control of the investment decisions, including real-time trade execution coupled with the benefits of consolidated tax and performance reporting supported by a modern user experience that places less administrative burden on the financial planning practice and the investor,” said Jha.
A clear target market
The target market is independently minded adviser-led practices with less than $1 billion in assets under management. It’s also targeting firms that want modern capabilities without being locked into large, restrictive ecosystems, inflexible trading and increasingly restrictive investment menus.
Co-founder Wes Hall says, “Small and medium sized adviser firms that we speak to do not feel like the pricing they get for their clients and the level of support they receive from big platforms is as good as it should be.”
He says these firms are drowning in admin and fragmented workflows. “We’re removing the burden so they can focus on what matters: client strategy, discretionary portfolio management, and relationships.”
Powering up with Morrison Securities
Morrison Securities’ CEO William Slack has spent decades refining the sophisticated trade execution capabilities now embedded in Xynon’s platform.
“By integrating our broker infrastructure directly into the Xynon platform, we’re giving advisers an edge they’ve never had before – real-time execution, compliance assurance, and control over their client data. This is about building the backbone of advice, not just another front-end solution.”
“Partnering with Xynon allows us to bring that capability to the next generation of advisers looking for scale, speed, and certainty in a changing regulatory landscape.”
Scaling for growth
While Xynon’s immediate focus is on growing its Australian adviser base, its infrastructure led model and regulatory strength position it for future international expansion.
The company sees significant potential to support advice professionals in markets where complexity, trust and compliance are non negotiable.
“We built this platform to scale. Australia is just the beginning,” said Jha. “With the right foundation in place, there’s a significant opportunity to support advice professionals in other markets where trust, compliance and infrastructure matter.”
