trading

Fintech platform Stake wants to make investing in US stocks as easy as online shopping

There are a few particularly popular niches within the Australian fintech space, with online small business lenders to platforms allowing consumers to find and negotiate the right home loan particularly hot areas. Another is investment, with offerings popping up to target a breadth of consumers. From the likes of Acorns, which is gathering up a user’s ‘loose change’ and investing it for them, through to Brickx allowing users to invest in property brick by brick, and Stockspot using AI to help better invest its customers’ money, the choice for the consumer is vast. Adding another option to the mix is Sydney startup Stake. Founded by Matthew Leibowitz, Jon Abitz, and Daniel […]

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May
04

Graham Tuckwell says active managers are threatened by ETFs

Graham Tuckwell, the Australian Rich Lister behind the world’s first gold exchange traded fund (ETF), has slammed the active funds management industry as his firm gears up for a fresh push into the Australian market. Mr Tuckwell spoke to The Australian Financial Review as he prepares to take full control of a suite of exchange traded funds launched as a joint venture with ANZ. The philanthropist and entrepreneur delivered a broadside to the hordes of stock pickers who underperformed their respective benchmarks and were handsomely paid for their services. “There are a huge amount of active managers being paid 1 per cent to 1.5 per cent for matching or even […]

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May
03

Frenzy pushes bitcoin to all-time highs

Bitcoin’s price has soared to all-time highs over the past few days, rising above $US1300 late on Friday, then $US1400 yesterday, and even $US1500 on one major ­exchange, amid a surge of speculative investment across the crypto­currency sector. Bitcoin has been struggling with a seemingly intractable internecine debate over network scaling, while similar projects have been drawing talent and investment dollars. But the price in 2017 has been generally rising, and rising sharply, amid several factors. Not all of the factors, ultimately, may turn out to be positive. At $US1400, bitcoin would be up 44 per cent for the year to date, according to the Bitcoin Price Index published by […]

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Apr
27

BGL & SelfWealth team up to provide value added services for Accountants

BGL Corporate Solutions and SelfWealth have teamed up to provide free value added services for Simple Fund 360 clients. SelfWealth, Australia’s only flat fee brokerage solution is now fully integrated with Simple Fund 360; Australia’s leading SMSF cloud solution.  The integration gives Accountants free access to SelfWealth’s fixed fee trading solution, portfolio construction tools and stock research powered by Thomson Reuters with the ability to extend these services to their clients. “The integration is well timed” said Ron Lesh, Managing Director of BGL.  “With the early adopters of Simple Fund 360 experiencing significant time savings through automation, they are now looking to expand their services to provide more value to […]

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Apr
27

BGL & SelfWealth team up to provide value added services for Accountants

BGL Corporate Solutions and SelfWealth have teamed up to provide free value added services for Simple Fund 360 clients. SelfWealth, Australia’s only flat fee brokerage solution is now fully integrated with Simple Fund 360; Australia’s leading SMSF cloud solution.  The integration gives Accountants free access to SelfWealth’s fixed fee trading solution, portfolio construction tools and stock research powered by Thomson Reuters with the ability to extend these services to their clients. “The integration is well timed” said Ron Lesh, Managing Director of BGL.  “With the early adopters of Simple Fund 360 experiencing significant time savings through automation, they are now looking to expand their services to provide more value to […]

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Apr
20

Why your financial adviser loves ETFs

The next time you chat to a financial adviser about portfolio construction strategies, depending on your investment focus of course, the conversation could very well turn to the use of exchange-traded funds. Advisers have become one of the core drivers behind Australia’s rapidly growing ETFs sector, which at the start of this month edged past $26.6 billion in total ­assets under management. So far this calendar year about $1.2bn in new investor funds have been channelled into ASX-listed ETFs. Research just released by research firm Investment Trends and ETFs issuer BetaShares shows seven out of 10 advisers are either currently recommending the use of ETFs to their clients or intend […]

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SelfWealth TRADING release mobile trading app

Australia’s only flat fee brokerage solution, SelfWealth TRADING give investors greater accessibility to trade the ASX with the launch of their Trading App. SelfWealth TRADING hit the market in late 2016 with a fixed fee no commission offering and since has grown their client base to approx. 8000 members. SelfWealth TRADING members can trade the ASX for just $9.50 per trade. The Trading app will allow SelfWealth members to buy and sell shares on the go, conduct stock research and monitor their investment portfolios in real-time. SelfWealth Managing Director, Andrew Ward commented that “The app is designed to give members greater visibility of their investments and to ensure they never […]

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Stake lifts the bar for trading US stocks and ETFs

It was during a three-year stint in Chicago, working for market maker Optiver, that Matt Leibowitz realised Australians were getting gouged buying international equities through the brokerages owned by the big banks and the customer experience was woeful. “During my years in the US I was amazed at the breadth of product offered to US investors at a compelling price,” said Mr Leibowitz, who was a lawyer at Allens before joining Optiver in 2007. “I was shocked at the breadth and costs in Australia: we paid more and got less.” Returning to Australia four years ago, Mr Leibowitz started to sense an opportunity to start a fintech that would provide […]

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