Advice

Jan
31

IFM increases stake in Decimal

An Australian-based global fund manager has increased its stake in robo-adviser Decimal, signalling renewed confidence that superannuation funds are embracing digital financial advice. IFM Investors bumped up its holdings in the ASX-listed firm via an ordinary share placement of 28,900,000 at $0.03 per share. This takes its initial 6.5% shareholding to 15%. The placement agreement […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Jan
30

Best interests duty extends to cryptocurrencies

Financial advisers’ will need to be well versed in cryptocurrencies such as bitcoin and ethereum despite them not being considered financial products, a compliance consultant has warned. Speaking to ifa, Assured Support principal Sean Graham said the increasing popularity of cryptocurrencies poses a number of challenges for financial advisers. “The problem is that it’s mums […]

By Reposted by Australian FinTech | Bitcoin . FinTech . Investing
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Jan
15

Compare Your Life’s iFace Technology is embraced by users

Melbourne based firm Save U has partnered with Cloud technology provider iFace (Compare Your Life) to start consolidating the need for multiple software applications. Save U’s CEO, Stephen Clarkson is impressed with the efficiencies the software has brought to his business.   ‘Our decision to purchase was made in the initial presentation, as the quality […]

By Australian FinTech | FinTech . Insurance
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Jan
15

Nucleus Wealth the latest kid in the superannuation block

The universe of new-broom superannuation funds is expected to expand further in 2018 with Melbourne-based Nucleus Wealth among those expected to enter the increasingly crowded sector. Nucleus launched a tailored separately managed account service last July and, with $14 million under management, 140 clients on board and 1500 individuals in the process of signing up, […]

By Reposted by Australian FinTech | FinTech . Investing
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Jan
08

Digital advice platform SuperEd gets $5m from financial services veterans

A powerful group of financial services veterans including banker Mark Johnson and Shadforth Financial Group founder Kevin Bailey have invested $5 million into a digital advice platform set up by former Vanguard Australia chair Jeremy Duffield. SuperEd was founded in 2012 by Mr Duffield and former Westpac executive and technology entrepreneur Hugh Morrow, with a […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice . Venture Capital
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Dec
11

The time is now for financial advisers to embrace fintechs

Advisers need to think about fintech services as more than just potential competitors for their market and start thinking about how to capitalise on the sectors’ strengths, writes Sharesight’s Douglas Morris. Recently, the Financial Planning Association of Australia (FPA) released a white paper on fintech titled Mapping Fintech to the Financial Planning Process – Why […]

By Reposted by Australian FinTech | FinTech . Investing
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Dec
06

Advice industry must think bigger: Netwealth

Australia’s financial advice industry should pay heed to the likes of Facebook, Google and Uber if it is to meet the evolving expectations of clients. Speaking at the inaugural IMAP InvestTech conference in Sydney today, netwealth joint managing director Matt Heine said the advice industry is not thinking big enough, putting itself at risk of […]

By Reposted by Australian FinTech | Blockchain . FinTech . Investing . Robo-Advice
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Nov
24

Fintech is not a threat: FPA

Financial planners overlooking fintech are missing out on benefits that can ultimately lead to higher client engagement and satisfaction levels, latest research from the Financial Planning Association of Australia shows. Released at the 2017 FPA Professionals Congress in Hobart this morning, the whitepaper maps fintech to the financial planning process and highlights that increased revenue, […]

By Reposted by Australian FinTech | FinTech . Investing
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