Advice

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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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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