robo advisors

Oct
29

Women shun financial advisers in favour of money advice from robots

Robo-advisers are reporting a substantial spike in the number of female investors, citing a “perfect storm” of the fallout from the banking royal commission and the empowerment of the #Metoo movement. Six Park reveals that accounts held solely by women have more than doubled in recent months to sit at 40 per cent, up from […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Oct
16

AFL great says Hayne will help robo-advice make mark

The findings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry could play into the hands of robo-advice, reckons Ted Richards, the former AFL great turned director at Australian robo-advice platform Six Park Asset Management. “The royal commission has been sad for certain parts of Australia, but a fantastic opportunity […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Oct
11

AI platform claims it can advise at 1/20th of cost

A US-based digital platform wanting to set up a presence in Australia says it is able to provide financial advice through artificial intelligence for 5 per cent of the cost of a human adviser. New York-based fintech firm Pefin said its platform uses AI technology to provide holistic, affordable and fiduciary financial planning and advice, […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Oct
08

Australians are turning to robo-advisers to boost their returns

Investors hunting for decent returns on their hard-earned cash are looking at other options outside of parking their money in the bank. Interest rates on term deposits and online savings accounts remain around 1 to 2 per cent while the value of Australian sharemarket has climbed by 9 per cent over the past 12 months. […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Sep
20

Fintech 101: Core concepts for the future of banking

Everyday it feels like someone, somewhere has coined a new banking term. But as Australia continues to take big steps towards innovation, the average Aussie might feel left in the dark when it comes to understanding what’s in store for the future of banking. So to keep you in the loop with all the latest […]

By Reposted by Australian FinTech | Banking . FinTech . Investing . Payments . Robo-Advice
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Sep
12

MyPrivateBanking 2018 global report ranks Ignition Advice #1 innovation and flexibility

MyPrivateBanking, one of the world’s leading independent financial services research houses, has named Ignition Advice as the world’s most innovative and flexible robo-advice solution. Headquartered in Kreuzlingen, Switzerland, MyPrivateBanking Research is an independent firm specialising in research and analysis for wealth managers and financial services firms. With more than two decades of experience MyPrivateBanking boasts […]

By Australian FinTech | FinTech . Investing . Robo-Advice
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Aug
26

Millennials, not baby boomers, are the future for digital wealth platforms

A new study examining consumer preferences has found that robo-advice and automated investment management services are overwhelmingly more popular with younger investors. Millennials, those currently in their 20s and mid-30s, are three times more likely to use automated investment services such as robo-advice compared to baby boomers, according to research by Crealogix. The study of […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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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 […]

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