robo advisors

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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Jul
14

Fintech players winning with disappointed advisers

Newer advice technology providers have defeated their more established competitors in securing the top spot for adviser platform satisfaction, despite industry-wide disappointment in current tech options. According to the latest Investment Trends Planner Technology Report, newer platforms are gaining momentum in the industry and threatening more established players. CFS FirstChoice and BT Wrap are the two most widely used platforms among planners however newer platforms such as Netwealth, HUB24 and BT Panorama are steadily extending their market share, the research showed. In the InvestmentLink research Netwealth and HUB24 both came in as the top platforms in terms of overall adviser satisfaction for this year. CFS FirstChoice came in second, BT […]

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Jul
06

Optimo introduces robo platform

Optimo Financial is releasing its online financial modelling solution for advisers as it aims to make the provision of goals-based advice more seamless. The Optimo Pathfinder personal finance modelling system is now available to dealer groups, financial advisers and paraplanners, using an algorithm developed with a goal orientated approach. In a statement, Optimo said the solution will optimise clients’ financial strategy to best achieve financial and life goals, accounting for tax and superannuation legislation, family tax benefits, the Age Pension and a host of other factors including the client financial status to develop its strategies. Optimo Financial chief executive Hugh Bannister said: “We believe there is a market niche for […]

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This Australian startup which gives robo advice on ethical investments is one to watch

Tom Culver, CEO and co-founder of Goodments, an app which gives robo advice on whether potential investments will do good for the world, has been named as winner of the inaugural EY WAMTech PitchFest. Goodments is a business with a mission to create a more sustainable future. His fintech solution simplifies the process for financial advice within the wealth and asset management (WAM) industry. “Right now, it all feels like we’re going backwards on the sustainability and environmental front,” says Culver. “Bad leadership, regressive policies and all sorts of other madness. It’s easy to feel powerless. “Focusing on millennials and those with a more ethical mindset, we are making it […]

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Jun
26

Former AFL star Ted Richards’ goal for robo adviser Six Park

Ted Richards learnt an important investment lesson as a young footballer, one that would lead him to pursuing a career in the financial services sector after he retired from sport. Richards was drafted to AFL club Essendon as a 17-year-old in late 2000 and once in the sporting system found himself getting paid relatively well for someone his age and wondering what to do with his money. A gift from his father, the Peter Lynch book One Up On Wall Street, gave him the idea of dabbling in the stock market. “I was 17, living at home and didn’t have a lot of expenses, so when I started getting pay […]

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Jun
21

The finalists for the 2nd Annual Australian FinTech Awards 2017

The 2nd Annual Australian FinTech Awards 2017 celebrate the achievements of the dynamic people and businesses comprising the FinTech sector. These Awards seek to recognise success in the FinTech sector in its many forms. This event will be an evening of celebrating the best innovation, created by the best innovators and entrepreneurs that live and work in Australia. Here are the finalists for the 2nd Annual Australian FinTech Awards 2017 to be held Thursday 22 June in Sydney: FinTech Innovation in payments Tyro Payments ZipMoney Afterpay   FinTech Innovation in Wealth Management (Robo-Advice) Acorns Grow Australia Six Park Pocketbook   FinTech Innovation in Lending SocietyOne MoneyMe Financial Group Tyro Payments […]

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