Automated advice is on its way – are you prepared?

ETF specialist, ETF Consulting has conducted a detailed analysis on the subject of “automated investment advice”. Tim Bradbury, Managing Director of ETF Consulting says “We have been involved in numerous business discussions recently which prompted us to do a deeper comprehensive study. Our work leads us to believe that although in the very early stages, this innovation will take-off in the next 3-5 years in Australia.”

The analysis covered:

– Review of the advent of automated advice models overseas,

– Assessment of these offerings in relation to the Australian market place,

– Identification of the demand side (who will buy and why) and supply side (who should consider entering this market)

– Clarifies the value proposition to investors and

– Considers in detail the structures, business models, product features

– High level market entry options

– Technology/IT requirements

Learn more about the 3 likely user groups – Non-advised DIY, New Age advisers and the Disengaged client, and the reasons the automated advice market will evolve and thrive.

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Gap between retirement leaders and laggards has grown: ASIC

Gap between retirement leaders and laggards has grown: ASIC

A year after regulators put super funds on notice about the unacceptable gap between the best and the worst of responses to the Retirement Income Covenant, the situation has become even worse. The Retirement Leaders Summit in Canberra heard that the leading funds treat retirement as a core business, while the laggards still see it as a compliance exercise.

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