Robo-advice provider inks deal with Class

An Australian robo-advice provider is partnering with Class to enhance its investment and tax reporting facilities.

Class chief executive Kevin Bungard said the new arrangement with Six Park is “another great example of an innovative fintech solution which supports investors with effective investment decision-making, providing a daily up-to-date view of investment data and detailed tax reporting.”

Six Park is also partnering with SMSF administration provider Heffron so as to offer its clients an automated SMSF management platform. Six Park chief executive Patrick Garrett explained: “While there will always be a place for traditional advice, there is a huge opportunity to use technology and automation to bring professional SMSF administration and investment management services to those who might otherwise be priced out of the market.”

Heffron co-founder added: “We can see that while Six Park is meeting a valuable need for robo-advice, it’s also a business that brings the ‘big end of town’ capability to the consumer at a reasonable price.

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Source: Robo-advice provider inks deal with Class | Financial Standard