Advice

Nov
17

The fintech transforming the cash investment sector for advisers

While investing cash as part of a client’s defensive investment portfolio is a necessity, many advisory businesses find the current lack of choice to be challenging. Traditionally the time taken to action cash investing, incremental costs together with laborious paperwork outweighed the effort by the adviser and the ability to enhance returns for the client. […]

By Reposted by Australian FinTech | FinTech . Investing
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Oct
31

New advice fintech WealthO2 doubles FUA in 3 months

WealthO2, the fintech for financial advisers, has doubled in funds under administration between June 2017 and October 2017. MD Shannon Bernasconi said growth had been based on referrals only, demonstrating a strong network of likeminded advisers seeking a better way to manage their best interest obligations. “It’s very exciting to have the support of the adviser […]

By Australian FinTech | FinTech . Investing
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Oct
27

GPS robo-adviser launches

Plenty Wealth, a robo-adviser that combines human advice has officially launched. Co-founders Josh Golombick and Greg Einfeld said Plenty Wealth provides a financial roadmap and acts like a “GPS service” in terms of financial goals, covering automated advice from budgeting and cash flows, to insurance, property and investments. One of the biggest advantages of an […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Oct
25

ASIC licensing crackdowns see uptick in robo-advice demand

While one automated advice provider says the demand for automated advice has been relatively steady since the removal of the accountant’s exemption, there have been some small spikes in demand following various compliance crackdowns by ASIC. Speaking to SMSF Adviser, Plenty Plus founder Greg Einfeld said while there has been continued interest in automated advice […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Oct
25

Australia publishes draft laws for relaxed fintech regulation

The Australian government published draft laws on Tuesday that would let financial technology companies operate without a full licence, a measure it said would encourage innovation without compromising existing levels of consumer protection. The draft laws would let companies test “a broad scope of activities…without the need to meet all the existing licensing requirements of […]

By Reposted by Australian FinTech | FinTech . Insurance . Payments
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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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