financial planning

Jul
26

New fintech fills the void of efficiency and independence for managed accounts

MA Operator, a brand new technology for financial advisers, launched in Sydney today. The firm provides three different services on the same comprehensive platform and low-cost model: A complete service for managed discretionary accounts (MDAs), including risk and compliance management, which replaces numerous systems and processes advisers currently need to use to offer MDAs to […]

By Australian FinTech | FinTech
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Jul
11

Row emerges over digital advice regulations

A row is developing in the financial planning sector with so-called robo-advisers claiming that regulatory measures proposed by the Financial Planning Association would make the provision of digital advice unworkable. In a submission to the Australian Securities and Investments Commission, which is in the midst of consulting industry on how digital advice should be regulated, […]

By Reposted by Australian FinTech | FinTech . Robo-Advice
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Jul
06

Stockspot lowers fees but reduces honeymoon period

Robo-adviser Stockspot has halved the period of its free introductory offer for savers with less than $10,000 but has compensated clients with lower fees thereafter. Stockspot has reduced the initial fee-free offer for savers with small balances to six from 12 months. Thereafter, instead of charging a $77 annual advice fee plus a 0.92 per […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Jul
04

Robo-advice start-ups go beyond disruption to new clients

Robo-advice start-ups are looking to use technology to drive massive expansion in the financial advice market, rather than to simply disrupt it. While established players, such as AMP, and the wealth management arms of banks are among those vulnerable to robo-advice, start-ups claim they are not targeting their market. “People talk about disrupting the financial […]

By Reposted by Australian FinTech | FinTech . Robo-Advice
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Jun
21

Fintech startup Clover becomes the first robo-advice platform in Australia to secure MDA licence

Clover, a fintech company reinventing investing for the digital generation, has become the first robo-advice platform in Australia to secure an Australian Financial Services licence (AFSL) with Managed Discretionary Account (MDA) capability. Set to launch shortly, Melbourne-based Clover is a uniquely goals-based automated investment service designed to help Australians achieve specific lifestyle goals, whether it’s […]

By Australian FinTech | FinTech . Investing . Robo-Advice
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May
20

Fintech to launch ‘lite’ money management tool

Moneysoft — a revamped version of a leading PMF tool — will be launched for financial advisers, mortgage brokers and superannuation funds next quarter. Moneysoft Lite has been developed to support advisers who are implementing cashflow management systems by providing client engagement tools. Moneysoft head of operations, Jon Shaw, said that the development of Moneysoft […]

By Australian FinTech | FinTech . Investing . Mortgage
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May
13

Super funds well-positioned on robo-advice

Thirty-six per cent of people would prefer to get robo-advice and similar services from their superannuation funds, rather than the major banks, according to new research released today. The research, contained in the Investment Trends Direct Client Report has pointed to the high number of Australians choosing to make and activate financial decisions without the […]

By Australian FinTech | FinTech . Robo-Advice
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