More super funds tipped to launch robo-advice
More superannuation funds are looking to implement automated “robo-advice” for members as a way of satisfying the competing demands of bringing down fees, while also improving their members’ access to financial advice. The pressure on funds to improve advice is coming from both regulators and a growing band of tech-savvy, bank-owned competitors.At the same time fees are in the firing line, and some super funds cannot afford large teams of financial advisers. “Robo-advice” is basic financial advice that a super fund can provide to members via online tools. Normally, it takes into account personal details such as the individual’s age, balance and retirement savings goals. It is increasingly viewed as […]
Robo-adviser Stockspot raises capital from H2, Rocket Internet
Stockspot, a robo-adviser seeking to disrupt wealth managers by offering a low-cost, automated financial advice process, has completed a capital raising and welcomed onto its register the Berlin-based start-up investor Rocket Internet, and H2 Ventures, the new fintech venture capital fund run by brothers Ben and Toby Heap.Stockspot, founded in 2013 by former UBS portfolio manager Chris Brycki, has 3000 registered users after launching in May last year. It won’t disclose funds under management but says these have tripled this calendar year. Source: Robo-adviser Stockspot raises capital from H2, Rocket Internet
High time to find out what you’re missing out on
If you’re being ripped off by banks and other financial institutions a new website, monetise.com.au, will tell you even though you may have suspected nothing.It threatens to do to comparison websites, which are being reviewed by the Australian Competition and Consumer Commission (ACCC), what Uber is doing to taxis. Source: High time to find out what you’re missing out on
