Advice

Aug
02

Stockspot integrates with Class to provide accountants a direct data-feed for SMSFs

Stockspot, Australia’s leading automated investment adviser and fund manager, today announced an integration with Class Super, the leading provider of cloud SMSF administration software.   The integration will provide SMSF accountants and their clients with a direct data connection from Stockspot to Class enabling income processing and enabling investment tax reporting. Accountants will be able […]

By Australian FinTech | FinTech . Investing . Robo-Advice
DETAIL
Jul
27

Stockspot launches AI for financial advice

Local automated investment adviser and fund manager Stockspot has announced a move into artificial intelligence and machine learning, launching what it says is Australia’s first digital financial assistant. Stockspot founder and CEO Chris Brycki said the AI functionality analysed the data of thousands of clients and made targeted recommendations, helping investors optimise their portfolio as […]

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

New fintech fills the void of efficiency and independence for managed accounts

MA Operator, a brand new technology for financial advisers, launched in Sydney today. The firm provides three different services on the same comprehensive platform and low-cost model: A complete service for managed discretionary accounts (MDAs), including risk and compliance management, which replaces numerous systems and processes advisers currently need to use to offer MDAs to […]

By Australian FinTech | FinTech
DETAIL
Jul
11

Row emerges over digital advice regulations

A row is developing in the financial planning sector with so-called robo-advisers claiming that regulatory measures proposed by the Financial Planning Association would make the provision of digital advice unworkable. In a submission to the Australian Securities and Investments Commission, which is in the midst of consulting industry on how digital advice should be regulated, […]

By Reposted by Australian FinTech | FinTech . Robo-Advice
DETAIL
Jul
06

Stockspot lowers fees but reduces honeymoon period

Robo-adviser Stockspot has halved the period of its free introductory offer for savers with less than $10,000 but has compensated clients with lower fees thereafter. Stockspot has reduced the initial fee-free offer for savers with small balances to six from 12 months. Thereafter, instead of charging a $77 annual advice fee plus a 0.92 per […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
DETAIL
Jun
21

Fintech startup Clover becomes the first robo-advice platform in Australia to secure MDA licence

Clover, a fintech company reinventing investing for the digital generation, has become the first robo-advice platform in Australia to secure an Australian Financial Services licence (AFSL) with Managed Discretionary Account (MDA) capability. Set to launch shortly, Melbourne-based Clover is a uniquely goals-based automated investment service designed to help Australians achieve specific lifestyle goals, whether it’s […]

By Australian FinTech | FinTech . Investing . Robo-Advice
DETAIL
Jun
20

Welcome to the new world of ‘regtech’

During a speech at the Tyro Fintech Hub in Sydney on Friday morning, federal Treasurer Scott Morrison pointed to the promise of “regtech” – a new word that is increasingly rolling off the tongues of the global regulatory community. Regtech (an amalgam of “regulatory technology”) is a subset of fintech (financial technology). While fintech has […]

By Reposted by Australian FinTech | Banking . FinTech . Lending . Payments
DETAIL
May
30

Robo-adviser Six Park launches with Brian Watson, Lindsay Tanner and Paul Costello on Advisory Board

Australia’s pre-eminent financial experts have joined the next generation of automated financial advice providers with the launch of robo-adviser Six Park.   Six Park’s team includes former Federal Finance Minister Lindsay Tanner, founding chief of the Future Fund Paul Costello and Six Park co-founder and former J.P. Morgan Australia Chairman Brian Watson on the company’s […]

By Australian FinTech | FinTech . Investing . Robo-Advice
DETAIL