robo advice

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 […]

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Aug
09

FinaMetrica announces international merger

Regtech provider FinaMetrica has announced it will merge with a foreign financial services software provider to create a new entity. In a statement today, FinaMetrica, a risk profiling tool provider, announced it has merged with Canada-based financial software company PlanPlus. The two firms have collaborated together for over a decade. In 2016 they partnered to create a robo-advice offering. The merging of the two companies will create a new entity called PlanPlus Global, however the PlanPlus and FinaMetrica brands will also continue to offer their products on a stand-alone basis, the statement said. PlanPlus founder Shawn Brayman is the CEO of the new PlanPlus Global entity, while FinaMetrica co-founder Paul Resnik is the […]

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Aug
08

Fear and loathing from Silicon Valley

By Jacqui Henderson, Founder & CEO – Advice Intelligence An all-pervasive feature of modern life is the speed of technological change, and of our collective capacity to adapt to the multiple impacts of change. It is natural to question the benefits: does the constant challenge to keep up and adapt simplify my life or make it ever more complex? Would a fully-automated advice capability drive better service standards and outcomes for my advice business and my clients, or does it simply make my job redundant? Is all the talk of technological revolution that ricochets around the world out of Silicon Valley, the advent of artificial intelligence and robotics, and the […]

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Aug
07

Advice practices need to pay attention to next disrupters

Managed accounts, robo-advice, and scaled advice are going to be the norm in the next two to three years, Netwealth believes. Presenting at Money Management’s Fintech, Platform and Wraps conference on Thursday, Netwealth head of managed accounts – strategy and development, Steve Thomas said advice businesses were not fully across technologies that were available. Thomas said 29 per cent of advisers were using some level of scaled advice and 31 per cent expected to use it in 12 to 18 months. “They recognise that scaled advice can certainly help in the ongoing management of their clients,” he said. “The interesting part is for those 29 per cent using it, 40 […]

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Aug
01

Intiger hopes BOOM will be hit with financial planners

ASX-listed fintech Intiger Group Limited has launched a back-­office online management portal, BOOM, to give the financial ­industry a leg-up in tackling compliance and administrative costs. The portal runs as a Software as a Service solution and delivers every administrative process ­advice document that users need to run their practice. Advisers can order administrative process and advice documents online 24 hours a day, seven days a week. Intiger managing director Mark Fisher said the platform was created in response to growing demand from practice owners. “BOOM is a dramatic and disruptive break from tradition for ­financial planning practice owners,” Mr Fisher said. He added that the “efficiency dividend” promised by […]

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Jul
25

Search for 2017 Fintech 100 innovators kicks off

Nominations are now open for the 2017 KPMG & H2 Ventures Fintech 100, the annual list designed to recognize leading fintech innovators.   Visit www.fintechinnovators.com by Thursday, 31 August 2017 and nominate your company, or any fintech you think should be considered for the Fintech 100.   The Fintech100, available at www.fintechinnovators.com, is compiled by fintech investment firm, H2 Ventures in collaboration with KPMG’s Global Fintech practice. The annual Fintech 100 includes both the leading 50 established fintechs, and the most intriguing 50 “emerging stars.”   How to nominate and the judging process: Nominations for the Fintech 100 can be made at www.fintechinnovators.com website by Thursday, 31 August 2017.   […]

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Jul
25

Former Wallabies captain Stirling Mortlock makes the jump to robo-advice

Robo-advice is the new black – or the new gold as the case may be – with former Wallabies captain Stirling Mortlock jumping ship from NAB to join former UBS fund manager Chris Brycki at Peak Advisors. There is little detail on Peak’s website about its business or its staff: “We work with high-net-worth individuals and families providing expert advice, personalised service and tailored financial outcomes,” it says. But we know that Brycki is the founder of automated investment adviser Stockspot, and that Peak – like Stockspot – is a bet on robo-advice. This is the catch-all phrase for the new wave of digital investment services that are expected to […]

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Stockspot founder Chris Brycki’s money is on robo-advice

Chris Brycki is the man behind Stockspot, one of Australia’s first companies to offer what has come to be known as “robo-advice”. Stockspot recently made headlines after Graham Tuckwell, the Australian tycoon behind London-based ETF Securities became an investor. Brycki first came to the market’s attention in 1999 when as a schoolboy he became one of the youngest winners of a stock competition. How does robo-advice actually work and how is it different to seeing a regular adviser? The most important thing when investing is getting your asset allocation right. Not so much picking stocks or when you should be getting in or out of the market. Working out what […]

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