Robo-Advice

Apr
26

Ignition Wealth evolves launching new Ignition Wealth and Ignition Direct websites to need demand

PRESS RELEASE: Ignition Wealth today launched two new websites, splitting the business to business and direct to consumer offerings to meet demand. Ignition Wealth business partners will now be served via www.ignitionwealth.com while direct investors have a new dedicated website at www.ignitiondirect.com.au.   Setting the benchmark for Australian automated advice, (or ‘robo advice’) Ignition Wealth provides tools, calculators and automated advice to Australian financial businesses. The Ignition Wealth website ( www.ignitionwealth.com ) will now host all the information our business partners need as they embrace automated financial advice.   “Following the rapid expansion of the business to business arm of our company we have created a site entirely dedicated to […]

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Apr
22

Energy Super selects Decimal’s Eqilize robo-advice solution

DECIMAL Software announced that Energy Super, an industry super fund with more than 49,000 members, had selected its Eqilize robo-advice platform. Launched at the end of March, Eqilize is a pre-configured offering which leverages Decimal’s delivery experience to enable clients to deliver robo-advice within a fixed budget and short timeframe. It includes multiple topics, in-built compliance and can be easily integrated with other business systems and is delivered with consistency of the customers branding and online presence. Decimal CEO Nic Pollock said the deal validated the company’s superior technology, experience and decision to launch Eqilize to the market. “This is a validation of our two-tiered solution offering that addresses the […]

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QuietGrowth adds multi-risk portfolio feature

Investors using robo-adviser QuietGrowth’s online platform will now be able to allocate portions of their savings towards different objectives, thanks to a new feature. QuietGrowth chief executive Dilip Sankarreddy said investors and advisers have access to a goals-based investment portfolio, allowing them to tailor the portfolio to their specific needs. “[Investors can now] allocate their savings towards different goals or objectives, with different risk-return expectations,” he said. “Saving for retirement, your child’s education, a house or a holiday are all very different objectives. It makes sense, therefore, that investors should be able to choose portfolios for different levels of risk,” said Mr Sankarreddy. According to the robo-advice firm, investors can […]

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Former FPA boss joins fintech group Intiger Asset Management

Mark Rantall, the former chief executive of the Financial Planning Association of Australia, has emerged as the new non-executive chairman of fintech group Intiger Asset Management, which is eyeing a listing on the Australian Securities Exchange. As first revealed by Street Talk, Mr Rantall, who exited the FPA in February, said he left with the “clear objective of taking on non-executive director roles”. He took on the chairman role after a recommendation by fellow adviser Patrick Canion, of ipac WA. Intiger is a fintech group seeking to slash operating costs for advisers and help them compete more efficiently with robo-advice, which is threatening traditional advice models by providing financial plans […]

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Apr
08

Ignition Wealth launches “Teams” automated advice technology for Financial Businesses

Ignition Wealth today announced the launch of their new technology solution ‘Teams’, designed to support professional financial businesses as they adopt automated financial advice. Ignition Wealth will lead the presentations at the Melbourne Afiniation Fintech Showcase with the launch of their new Teams product. The Melbourne Afiniation Fintech Showcase will take place on April 14 at the Grand Hyatt Melbourne. CTO Mike Giles will demonstrate the new Ignition Wealth Teams technology to a crowd of over 200 fintech professionals and investors. “The wealth industry has traditionally been heavily paper based and the first opportunity is to bring those processes, including buying and selling of stocks and reporting, into an online […]

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Apr
05

Financial planner and bitcoin entrepreneur launch new robo-advice business

Perth-based financial planner David Pettit has teamed up with well-known Australian bitcoin entrepreneur Zhenya Tsvetnenko to fund and develop a new robo-advice platform that will advise users how to plan their financial lives. Mr Pettit, the founder and managing director of boutique Perth advice firm Advocate Private Wealth, and Young Richlister Mr Tsvetnenko conceived Future Penny six months ago, and have both personally invested, with a range of other investors, to give it $500,000 in development capital. Future Penny would be the latest player in the burgeoning robo-advice sector, which provides financial advice to users generated by algorithms. It will provide information across a broad range of areas including budgeting, […]

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Apr
04

BlackRock mulling Aussie robo-advice launch

BlackRock acquired FutureAdvisor in August 2015 and rolled out the platform to financial institutions as a business-to-business service. BlackRock Australia’s head of iShares Jon Howie told InvestorDaily he believes Australia needs FutureAdvisor now. “As always with a large organisation we have to be conscious about how thinly we spread ourselves and so at the moment the focus is on getting the US application of that opportunity right,” Mr Howie said. “I can tell you that internally everyone around the world is putting their hand up and saying, ‘We can make this work in our market’. “BlackRock Australia needs the platform immediately, because it will take some time to tweak the […]

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Apr
01

Decimal to roll out robo-advice for instos

Decimal has announced today it will launch two robo-advice packages designed to help big businesses break into the emerging automated advice market sooner. In a statement, the company said Eqilize is a solution geared towards superannuation and financial institutions that want to offer clients robo-advice but do not have the resources to build their own. At the same time Decimal introduced Tentalon, a “fully customisable technology stack” that allows businesses to create purpose-built solutions. Eqilize will be presented to the industry at an event on 28 April, while Tentalon will be rolled out for major banks in early May, the statement said. Decimal chief executive Nic Pollock said the two […]

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