Advice

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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Sep
26

Lindsay Tanner, ex-Sydney Swan Ted Richards at Six Park

It would not ordinarily be assumed that former Rudd and Gillard finance minister Lindsay Tanner, and former Sydney Swans AFL star Ted Richards, have much in common, but both have graduated from being heavyweights in their respective fields to unlikely employees at a young fintech start-up, Six Park. The Melbourne-based robo-advice company is plotting to […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Sep
22

‘Robo-advice’ reference turning SMSF investors away

Some SMSF trustees are ignoring automated advice services on the false assumption that none of these services involve any human overlay, says an automated advice provider. Speaking to SMSF Adviser, Six Park chief executive Pat Garrett said SMSF trustees often hear the word robo-advice and are off put because they think everything with the service […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Sep
13

Criticism of Acorns’ fee structure is missing the point: a Millennial responds to ‘rip-off’ claims

Financial planners tell the rest of the population how to invest based on logic and structure. But most people look beyond just numbers when making decisions. Recently Gary Stone, chief executive of Share Wealth Systems and author of Blueprint to Wealth, wrote about Millennials being ripped off by investment apps such as Acorns. He pulled […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Sep
11

Eight of 10 Australians don’t get financial advice. Is technology the answer?

About eight in 10 adult Australians are not receiving financial advice, even though many would benefit. Despite surveys showing how stressed many of us are about money, it’s a figure that hasn’t changed over the past 25 years. Many people are put off by the cost of face-to-face advice, they’re concerned that products would be […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Sep
01

Ignition Wealth launches Ignition Priority One Assist to support XPLAN solutions

Ignition Wealth’s XPLAN consultancy team offer Australian advice practices a full range of consultancy and customisation options, either under a bespoke arrangement or through our Managed Services packages, Core, Pro and Ignition Next. From September 1, the XPLAN Consultancy Team will also offer the Ignition Priority One Assist Service. “If your practice is using XPLAN […]

By Australian FinTech | FinTech
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Aug
30

APP Securities and Ignition Wealth announce partnership to provide digital advice

APP Securities and fintech Ignition Wealth have today announced a new partnership to provide digital financial advice to APP Securities’ clients. APP Securities is an Australian stockbroking and investment banking firm, which offers a wide range of investment products, as well as a comprehensive suite of financial services spanning Corporate Finance and Advisory, Institutional Sales […]

By Australian FinTech | FinTech . Robo-Advice
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