SS&C Hubwise – June 2025 Portal Release and related enhancements

Modified on Wed, 18 Jun at 2:30 PM

Dear client

We are pleased to advise you of our latest Portal Release which is now targeted for week commencing 16^th June 2025. Please take time to review this summary of improved functionality and share with your team. Note that release content may change as we go through the final stages of the testing cycle and a communication will be issued nearer to the release date with the exact content. This release is expected to include:

AML enhancements/ guidance

When entering new investor detail, the list of options for Industry and Occupation has been expanded. This includes 11 new industries and 20 new occupations. A full list of options and amendments can be found in Appendix A and B.
Where you are entering information for a retired investor, please select

Industry = “Other” (please then add retired in the free format box)
Occupation = “Retiree”

Following a review of our AML process, we can confirm that we are now able to accept evidence of personal identity and evidence of address that is no older than 6 months.

SIPP enhancements

To offer greater flexibility on third party SIPP products, we have now enabled withdrawals at sub account level. The previous process for sub-account withdrawals on a third party SIPP requires the user to move money from the sub-account to the primary and set up a withdrawal from the primary. For regular withdrawals, the user needs to do this monthly to ensure there's available cash to cover. Following this release, users can follow the new process by accessing the withdrawals menu directly on a sub-account for all third party SIPP products.
For the Hubwise SIPP, we have switched off the ability to add contributions at sub account level as the tax relief is only designed to work for contributions on the Primary account.

Vulnerability UI enhancements

A number of usability changes has been made in the way investor vulnerabilities are recorded and maintained. This should make the process more intuitive and consistent.

Model Maintenance Enhancements

When creating model portfolios (including bespoke models), new markers have been introduced to aid the selection process:

ISINs that are marked as suspended
ISINs that are marked as Overseas
Where available links to the KIID documents

Example screenshots below

improve date selection when an adviser generates a custom date S&V PDF

To simplify the process of producing a backdated statement and valuation report, it is now possible to select a month and year (without the need to scroll by month).

Appendix

List of Industries

Industry	Change
Armed Forces	New
Art and Antiques Dealers	New
Consulting Services	New
Creative Arts and Design	New
Crypto	New
Freelancers and Digital Nomads	New
Import and Export Businesses	New
Legal and Accounting	New
Private Money Lenders and Pawnbrokers	New
Social Media Influencers and Content Creators	New
Sports Industry	New
Agriculture, forestry and fishing	Updated
Engineering and construction	Updated
Hospitality and leisure	Updated
Technology & telecommunications	Updated
Business services	Removed
Non conventional financial services	Removed
Not Applicable	Removed
Aerospace and defence	No change
Arms dealers and manufacturers	No change
Asset and wealth management	No change
Automotive	No change
Banking and capital markets	No change
Bureau De Change	No change
Capital projects and infrastructure	No change
Cash converters	No change
Charities	No change
Chemicals	No change
Deposit box services	No change
Distribution	No change
Education	No change
Financial services	No change
Foods, drink and tobacco	No change
Forest Paper and Packaging	No change
Gambling and casinos	No change
Government and public services	No change
Healthcare	No change
Insurance	No change
Manufacturing	No change
Media and entertainment	No change
Minings & Minerals	No change
Money service bureaus	No change
Oil and gas	No change
Other / miscellaneous	No change
Pharmaceutical and life sciences	No change
Power and utilities	No change
Precious metals and jewellers	No change
Private equity	No change
Real estate	No change
Retail and Consumer	No change
Retail cash intensive (food / takeaway/ launderette/ nail bar/ beautician/ convenience store)	No change
Social services	No change
Sovereign Investment Funds	No change
Transport and logistics	No change
Trustee	No change

List of Occupations

Occupation	Change
Business Owner	New
C-Suite or Senior Corporate Executives	New
Doctors, Pharmacists, Senior Medical Professionals and Scientists	New
Education Professionals (Teachers, Professors)	New
Government Employees or Public Servants	New
Head of State or Senior Political Figure	New
Influencers	New
Middle Managers	New
Middle Ranking Military Officials or Officers	New
Other Corporate Professionals, Consultants, Lawyers and Accountants	New
Other Military Personnel	New
Other Skilled Workers	New
Other Unskilled Worker or Labourer	New
Professional Support or Assistants	New
Retail or Hospitality Professionals	New
Sales Professionals	New
Senior Military Officials	New
Senior Sports Professional or Other Public Figures (not politically-exposed)	New
Pilot	New
Other	New
Student	Updated
Self employed	Updated
Armed forces	Removed
Senior Executive	Removed
Manager	Removed
Professional	Removed
Sales	Removed
Unskilled worker	Removed
Unemployed	No change
Retiree	No change

Many Thanks,

Kind regards