Advice

Dec
19

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 […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Dec
14

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 […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Dec
12

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 […]

By Australian FinTech | Banking . FinTech
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Nov
22

Competition in SMSF market tipped to turn as robots enter

A panel of financial experts have staked their bets on robo-advice as the future of SMSF investment. The panel, which was hosted by the SMSF Association and included representatives from the Australian Taxation Office, ASIC, Investment Trends, SuperConcepts and OpenInvest, emphasised the need for SMSF members to keep up with technological advancements in order to continue […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Nov
16

Fintech should make advice ‘enjoyable’

A software integration firm has highlighted how technology should be about making the client experience of advice more “enjoyable” as well being agile to constantly changing adviser needs. At a media roundtable in Sydney yesterday, YTML director Terri Ho said a lot of emotion is attached to financial advice, however it tends to become really […]

By Reposted by Australian FinTech | FinTech . Investing
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Nov
07

Regulation alone won’t solve financial advice woes

By George Lucas, chief executive of Raiz More regulation will be the most likely result after the Hayne royal commission hands down its final report. But is this really the answer? When then financial services royal commission hands down its final report by 1 February 2019, it’s odds-on it will call for more regulation. And […]

By Reposted by Australian FinTech | Banking . FinTech
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Oct
16

Myprosperity, a ‘Xero for household finance’, examines royal commission opportunity

It styles itself as “Xero for household finance” and Melbourne start-up myprosperity now looks more like the Kiwi original, after an adviser to early Xero investor Craig Winkler and a former Xero chief executive joined its board as it hopes for a boost from the banking royal commission. Myprosperity’s subscription service allows financial advisers to get real-time information on their clients by aggregating data […]

By Reposted by Australian FinTech | FinTech
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Oct
11

AI platform claims it can advise at 1/20th of cost

A US-based digital platform wanting to set up a presence in Australia says it is able to provide financial advice through artificial intelligence for 5 per cent of the cost of a human adviser. New York-based fintech firm Pefin said its platform uses AI technology to provide holistic, affordable and fiduciary financial planning and advice, […]

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