Advice

Oct
17

Robo-advisers to expand into retirement advice

While automated advice providers currently cater for a lot of basic SMSF advice needs, one provider believes retirement adequacy will be the next frontier for automated advice. ASAP chief executive Jim Hennington said he expects the scope of advice that’s provided by automated advice providers to SMSFs will further expand over the next year. “At […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Oct
13

AFA and Map My Plan ink partnership

The AFA and robo-advice innovator Map My Plan have entered a commercial partnership to help reach the majority of Australians who do not currently seek financial advice. At the AFA’s national adviser conference on the Gold Coast today, AFA spokesperson Nick Hakes announced that the association has inked a deal that will see members gain […]

By Reposted by Australian FinTech | FinTech . Robo-Advice
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Oct
11

Technology will shape financial services

Financial advisers must challenge themselves to see where technology can add value to their business models if they wish to remain relevant in the coming years. That was the key theme of a presentation delivered by futurist Chris Riddell at the 2017 Association of Financial Advisers National Adviser Conference which started on Wednesday at­ the […]

By Reposted by Australian FinTech | Blockchain . FinTech
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Sep
27

‘Robo-adviser’ makes it onto Oxford Dictionaries website

Automated and artificial intelligence-based propositions across the sector will be delighted to see the term ‘robo-adviser’ has made it onto the Oxford Dictionary’s website. A ‘robo-adviser’ (noun) has been defined by Oxford Dictionaries as “an online application that provides automated financial guidance and services”, while the example sentence reads: “a robo-adviser programmed to build wealth […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Sep
27

Nothing to fear from robo-advice: Magellan

Magellan Asset Management chief executive and chief investment officer Hamish Douglass believes financial advisers should not fear robo-advice in an era where artificial intelligence and big data can dominate discussion. Speaking at Magellan’s financial adviser national roadshow recently, Douglass said if advisers remain true to their trusted roles within financial services there is little to […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Sep
26

Lindsay Tanner, ex-Sydney Swan Ted Richards at Six Park

It would not ordinarily be assumed that former Rudd and Gillard finance minister Lindsay Tanner, and former Sydney Swans AFL star Ted Richards, have much in common, but both have graduated from being heavyweights in their respective fields to unlikely employees at a young fintech start-up, Six Park. The Melbourne-based robo-advice company is plotting to […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Sep
22

‘Robo-advice’ reference turning SMSF investors away

Some SMSF trustees are ignoring automated advice services on the false assumption that none of these services involve any human overlay, says an automated advice provider. Speaking to SMSF Adviser, Six Park chief executive Pat Garrett said SMSF trustees often hear the word robo-advice and are off put because they think everything with the service […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Sep
13

Criticism of Acorns’ fee structure is missing the point: a Millennial responds to ‘rip-off’ claims

Financial planners tell the rest of the population how to invest based on logic and structure. But most people look beyond just numbers when making decisions. Recently Gary Stone, chief executive of Share Wealth Systems and author of Blueprint to Wealth, wrote about Millennials being ripped off by investment apps such as Acorns. He pulled […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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