robo advisors

Aug
20

Advisers with robo capabilities will have an edge

While standalone robo-advice won’t attract affluent investors, it will offer a competitive advantage to traditional wealth managers over competitors, GlobalData says. The research company said that robo-advisers alone didn’t attract assets under management, and that high net worth (HNW) investors generally only entrusted small portfolios to digital-only platforms. GlobalData’s Technology in Wealth Management: Drivers for Adoption and Future Trends survey found that demand for robo-advice was growing, however, meaning that offering it could strengthen human advisers’ value to clients. Forty per cent of private wealth managers surveyed noted strong demand for the technology from clients, most obviously in the Asia-Pacific region. “Despite some drawbacks robo-advice is a competitive advantage that […]

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Aug
07

Clover: Now new investors needn’t depend on beginner’s luck

Your first foray into the world of finance is a daunting one. With Clover, you know exactly where to step. Taking risks in the complex world of finance can be a daunting prospect for inexperienced investors. The challenge of entering the share market can be like contemplating a swim in the Alligator River and these days so it seems you take a fiscal risk just by visiting a bank or a financial advisor. The challenge for investment debutants is finding the assured way of building the capital they need to fund the lifestyle they aspire to. You’re not taught about such things at school and unless there’s a relation or […]

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Aug
03

SuperEd adds B2C with Retirement Essentials merger

Personalised digital advice provider SuperEd will add a unique retiree service for super funds and secure a direct-to-consumer offer after finalising its merger with consumer advice platform Retirement Essentials. Retirement Essentials provides retirees with a concierge service which guides them through Centrelink’s complicated Age Pension application process. After the merger, SuperEd will become the only digital advice provider in the country that offers both a product-agnostic B2B and direct-to-consumer B2C offering. The deal enables SuperEd to benefit from Retirement Essentials’ valuable insights into the online user experience and behavioural preferences of seniors. SuperEd is able to leverage these insights to enhance its B2B offering to super funds who are experiencing […]

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Jul
10

Robo-investment – Retirement takes the crown

A customer insights study by automated investment service Six Park has found that more than half its clients are using the robo-investment service to grow wealth outside of super (36.5%) and for retirement savings (28.6%). These long-term goals ranked higher than the desire to save for property or saving for short-term goals such as holidays and weddings. The study results were released as Six Park celebrates its second birthday. The highest percentage of customers using their Six Park investment as a way to generate wealth outside super came from age groups under the age of 45, suggesting that long-term investing is increasingly a focus for younger generations. “It’s very encouraging […]

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Jul
09

AFL’s Ted Richards and the human side of robo-investing

There is a lot of talk about the entry of ‘robo advisers’ into the financial advice market. Revelations by the banking royal commission have accelerated calls for technology to provide the answer to the broadening trust deficit and intractable problem of advice being too expensive for the average investor. However, despite these tailwinds, the take up of digital advice in Australia has been relatively modest. This compares to the United States where a significant proportion of investors are embracing technology-enabled advice solutions, such as Betterment and Wealthfront. Home-grown Australian providers, such as Clover and Stockspot, have made inroads with their low cost, automated investment offerings. The challenge remains for consumers […]

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Jun
28

CIPR framework timely but questions remain

The retirement income strategy and implementation timeline proposed in this year’s Budget is “workable and sensible” but there are concerns the Federal Government should quickly address. This is according to SuperEd, the robo-adviser aiming to improve retirement incomes. In its submission paper to the Retirement Income Covenant Position Paper, SuperEd said it fully supports the Government’s move to address the needs of a maturing membership base, and commends it for factoring in circumstances often overlooked – member needs and preferences, eligibility for the Age Pension and cognitive decline. But there are still a number of drawbacks, SuperEd chair Jeremy Duffield said. One is that CIPRs don’t adequately appreciate the volatility […]

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Quantifeed eyes Australian expansion with $13.5m raising

The fintech is looking to expand its B2B robo-advice business in Australia as a part of a $13.5 million venture capital raising announced today. The series B funding was led by Taiwanese giant Cathay Financial Holdings, with participation from US-based asset manager Legg Mason, and will go towards Australia and Asia Pacific growth. “We will be growing the Australian team over the next six to 12 months and also open an office [on an undisclosed timeline],” Quantifeed co-founder and chief executive Alex Ypsilanti told Financial Standard. The five-year-old fintech has now raised a total of $24 million. This includes today’s $13.5 million, a series A funding of $6 million in […]

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Jun
18

ETF Securities says ROBO ETF surpasses $100m as investors embrace global opportunities

ETF Securities Australia today announced that ETFS ROBO Global Robotics and Automation ETF (ASX code: ROBO) has achieved inflows of $100 million since its launch in September last year. This is the fastest growth of any ETF offered by ETF Securities since its founder and Australian philanthropist Graham Tuckwell launched the world-first GOLD product in 2003. ROBO is the first exchange traded fund in Australia to provide investors with access to global companies focusing on robotics, automation and artificial intelligence (AI) technologies. It represents a partnership between ETF Securities Australia and US-based specialist robotics and automation index and research provider ROBO Global, tracking the ROBO Global Robotics and Automation Index. […]

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