Tech puts value of advice in question
Addressing a room of financial advisers at the Portfolio Construction Forum’s 2019 Finology Summit yesterday, US-based financial planner, Michael Kitces, says advisers should turn their attention away from the regulators and towards technology if they want to stay relevant. Kitces said technology has slowly (and silently) been disrupting the financial advice industry since Wall Street […]
Are dealerships dead?
by Steve Thomson, CEO of TIQK Regardless of the findings from the Royal Commission into Misconduct into the Banking, Superannuation and Financial Servicesindustry, we believe changes are necessary to the vertically-integrated distribution model of the last twenty years. Consumers now demand transparency, which drives changes to adviser culture and conduct. At best, increased compliance controls […]
The team at Investfit have been busy…. and that’s just the beginning!
Investfit has just released a new version of its advanced financial advice application, with many improvements and some new, sought-after features. Investfit is a client engagement tool that produces better financial outcomes for clients, lower risk and lower costs for the adviser. The latest enhancements include: Improved look and feel Fully configurable for each advice […]
‘Collaboration’ key to seeing full potential of AI
New calls have been issued for the finance industry to change its mindset and embrace “greater collaboration” to leverage the full potential of artificial intelligence and machine learning technology. Education provider Kaplan Professional and regtech company Red Marker issued the call after noting that the financial advice industry had been looking for automated compliance solutions […]
Research shows that budgeting and cashflow management the top advice priority for younger Australians
Younger people overwhelmingly rank budgeting and cashflow management as the most valuable type of financial advice they can receive, according to a recent ING and Rice Warner survey of more than 1000 Australians. Gen Z (66 per cent), Gen Y (60 per cent) and Gen X (40 per cent) all cited budgeting and cashflow management […]
Millennials seeking financial advice from millennials
Younger people are shunning their parents and older professionals when it comes to getting guidance on all things financial, a new study has shown. Instead, the research from consumer advocacy group Adviser Ratings has found millennials are seeking other members of their generation to give them a helping hand. “They want to find advisers who […]
Sargon Capital acquires listed robo adviser
Decimal Software Limited announced earlier today that the proposed scheme of arrangement between Decimal and its shareholders, in relation to the proposed acquisition of Decimal by Sargon Capital Pty Ltd , was approved by the Federal Court of Australia. Commenting on the transaction, Decimal CEO Damon Watkins said the group is pleased to receive formal […]
Australian fintech Ignition forms multi year multi million dollar partnership with tier one bank
Bank of Ireland’s Seán Ó Murchú joined Manish Prasad and Alan Quinlan from Ignition Advice in today launching a new digital advice platform for Irish consumers. Seán Ó Murchú, Director, Wealth Advice and Distribution at Bank of Ireland, said, “Creating a single, digital advice platform will have a transformational impact on the Irish market,”. Ignition […]
