Stockspot, Australia’s leading automated investment adviser, has launched its partners programme for advisers, accountants and other professionals.
The programme will allow selected financial professionals to partner with Stockspot for their clients. Stockspot will manage
the client’s portfolio including all advice, investing, compliance, rebalancing and tax reporting. The IFA or accountant has full visibility of their clients’ portfolios via an online investment dashboard and receives updates on the strategy and client’s financial profile.
Stockspot also simplifies tax reporting via its recently announced integration with Class Super.
Stockspot CEO and founder, Chris Brycki said: “In the last 12 months, with the increased spotlight on the robo-advice industry in Australia, we’ve had a lot of interest from IFAs and accountants asking to partner with us.
“Particularly among IFAs there’s definite appetite for robo-advice as a way to connect with clients who have less complex investment advice needs. They view Stockspot (and robo-advice in general) as a hands-off, sensible investment service clients can use to grow their wealth.
“It lets them focus on other bespoke areas of advice, while we manage the investment advice and portfolio management. They still have visibility through our online dashboard and we keep them updated on changes in their client’s investment strategy and personal circumstances so they know the best time to speak to their clients with other strategic or tax advice.
“Key for us is that we only partner with like minded businesses. Our entire business model is based on transparency and fairness, we don’t charge high fees and we don’t accept kickbacks or commissions; it means our advice is totally unconflicted and therefore in the client’s best interest.”
The Stockspot Partners Programme will launch in Spring 2016 and is currently in beta testing with select financial professionals,
