financial planning

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 pushed or they perceive a lack of independence within some parts of the financial planning industry. Sometimes people find some advisers are not very interested in talking to clients who don’t have substantial wealth to invest. Those behind “robo-advisers”, which provide automated advice, say technology can reduce the advice gap by making the advice cheap. […]

DETAIL
Sep
06

Centrepoint signs deal with Moneysoft

Centrepoint Alliance has announced a partnership with fintech Moneysoft as part of the company’s goal to deliver a full-service money management and cash flow platform. Centrepoint’s new platform is expected to give advisers a deeper understanding of the financial situation of their clients while enhancing adviser-client relationships. According to Eoin McDonnell, head of technology delivery and architecture for Centrepoint, advisers will be able to use these cash flow tools either by incorporating them into their existing advice offering or provided as an additional service. “It allows both clients and advisers to understand how their everyday cash flow affects their long term planning and funding requirements,” he added. Moneysoft’s head of […]

DETAIL
Sep
04

Picturewealth app that lets you take a ‘welfie’ pic of your finances raises $1.2m

A Perth start-up that claims to offer a snapshot of your finances – dubbed a “welfie” – has raised $1.2 million, led by the financial planning group that will distribute its app first. The funding for PictureWealth shows the excitement around personal budgeting fintechs created by the likes of Acorns and Pocketbook – both of which have raised millions in Australia – continues to spread. PictureWealth claims to allow users to aggregate information on all their assets, debts, expenses and insurance policies, viewable on one PC or smartphone screen at one time. “Until now, there hasn’t been a single space where people can view a picture of their personal wealth. […]

DETAIL
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 (and most are), any breakdown can impact your business efficiency. We know practices need a fast, efficient and expert response. Our on call team of XPLAN technicians are highly trained and will work rapidly to have your XPLAN running and delivering your advice vision.” – Richard Liverpool, Head of Sales and Marketing, Ignition Wealth.   […]

DETAIL
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 and Trading, Private Client Advisory and Research. “Embracing digital financial advice will allow us to provide our clients with the latest in financial technology and complements our existing broking business. We are delighted to provide a solution that can be tailored to each of our client’s needs, enabling our brokers to maintain and grow the […]

DETAIL
Aug
30

Australia’s CommBank arms combine to launch robo-advice service

Two units of Australia’s largest bank have teamed up to launch a ‘robo-for-adviser’ portal aimed at financial advisers servicing high net worth clients. CommSec Adviser Services, the adviser support arm of the Commonwealth Bank of Australia (CBA / CommBank), and Colonial First State, part of the CBA’s global asset management business, will jointly provide the new system, named Portfolio Service. The service will offer a ‘one-stop-shop’ online that aims to enable advisers to manage their clients’ investments by automating administration and reporting requirements. Designed for the fee-for-service business models, the system can be customised to support specific advice fee structures and is offered by both firms. Better service CommSec Adviser […]

DETAIL
Aug
17

Retirement fintech makes senior appointment

A financial advice start-up founded by former Challenger executive Paul Rogan has appointed a chief customer officer. Joining Retirement Essentials in the new role is Antoinette Tyrrell. She joins a growing team to lead the ‘direct to consumer’ marketing strategy including brand building, designing the member experience and being responsible for the customer growth plan. The self-described retirement fintech aims to “make advice more affordable and accessible to all Australians, not just the wealthy.” Prior to joining Retirement Essentials, Tyrrell held senior executive roles in consumer marketing and business strategy in the fast-moving consumer goods (FMCG) and telecommunications industries across Asia, Africa and South Pacific working for Coca-Cola and Vodafone. […]

DETAIL
Aug
10

Fintech announces plans for expansion

Fintech firm Intiger Group Limited has announced the appointment of a non-executive director as well as plans for business expansion that will include new acquisitions. In a statement yesterday, Intiger announced the appointment of Tony Chong to the position of non-executive director. Mr Chong is the lead partner at corporate law firm Lavan’s Corporate Services Group. Mr Chong has extensive experience as a lawyer with specialist knowledge in corporate law and tax and has been a board member and chair of ASX-listed, private and non-profit companies, the statement said. “Intiger’s highly scalable platform is an innovative technology, disrupting the traditional financial planning industry and I am extremely excited by its […]

DETAIL