robo advisors

May
12

Class partners with robo-advice provider

Class has teamed up with an SMSF advice provider, allowing accountants administering SMSFs to offer financial advice services to clients without the need for an AFSL. The partnership with Plenty Plus, which operates under its own AFSL, allows accountants to generate advice without the need for their own license. Advice fees will also be calculated […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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May
09

Australians are turning to alternative types of investments

Australians unable to buy in an overheated property market are turning to other investments to boost their wealth. As property prices in capital cities particularly Sydney and Melbourne continue to soar and returns on cash in the bank remain around two per cent, many savers have had to look at alternative ways to grow their […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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May
05

Sydney robo-advisor founded by ex-UBS portfolio manager raises $3 million in series B

Sydney fintech Stockspot has secured $3 million in a series B capital raising round, the startup revealed on Thursday. Stockspot is a digital investment advisor, commonly known as a robo-advisor, and a fund manager founded by chief executive Chris Brycki, a former UBS and BlueLake Partners portfolio manager. ETF Securities founder Graham Tuckwell and Australian […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice . Venture Capital
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May
03

KPMG sees robots taking over tax compliance

When 800 executives were surveyed for a World Economic Forum report published in September 2015, three-quarters said company audits would be performed by artificial intelligence by 2021. A similar proportion reckoned the world would have witnessed the first tax collected via blockchain within that timeframe, while 45 per cent said robots would be occupying places […]

By Reposted by Australian FinTech | Blockchain . FinTech . Robo-Advice
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Apr
24

Macquarie’s plan to beat the investment robots

Investing robots and index funds are poaching billions of dollars from human fund managers, but Macquarie Investment Management head of the Americas Shawn Lytle says the firm is repositioning to cope with the seismic shift into passive investing. Globally, droves of investors are yanking money from high-fee active managers and parking their funds in passive […]

By Reposted by Australian FinTech | Banking . FinTech . Investing . Robo-Advice
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Apr
18

Robo adviser Six Park says lower balance SMSFs are viable

A robo adviser backed by four founding members of the Future Fund says that pre-retirees with starting balances of under $150,000 can run their own super funds, despite the corporate watchdog cracking down on providers that offer low-balance SMSF set-ups. The chief executive of Six Park Patrick Garrett said that the robo adviser, which counts […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Mar
23

Robo-advice is not enough, says fintech Investfit

While robo-advisers have been heralded as a cheap solution for Australians looking to invest their retirement savings, the team behind a newly launched app wants put high-quality, face-to-face advice back on the radar. Investfit, which was launched by Ed de Salis, James Claridge and Gavin Daw in 2015, and was a resident at fintech incubator […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice . Venture Capital
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Feb
21

Digital advice: from robo revolution to enterprise evolution

As digital financial advice gains ever-growing traction among superannuation providers, the hype around “robo-advice” gives way to enterprise-level requirements. Decimal Software CEO Nic Pollock says B2C wealth management and enterprise-grade digital financial advice serve very different needs, and customers. Federal Treasurer Scott Morrison recently told a G20 conference in Germany of his plans to encourage […]

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