Macquarie has launched the digital advice service it announced in November 2015.
OwnersAdvisory provides custom portfolio advice across all standard asset classes, determining allocation based on personal goals and a generated risk profile. It sources solutions from a database of over 30,000 investment products.
Users of the service pay a $45 monthly fee to receive general advice, market insights and a "portfolio health score"; for an additional $55 fee they can also receive custom advice about portfolio rebalancing.
"We want to encourage unadvised Australians to become more engaged in managing their finances and investments," said Macquarie Wealth management chief investment officer John O'Connell.
"Technology is offering investors new opportunities to manage their investment strategies online, and they want quality advice and market insights to guide their choices.
"This is an exciting opportunity for consumers. OwnersAdvisory combines technology with Macquarie's vast market intelligence, insights and advisory expertise to inform and engage investors currently operating without traditional advice."
We invite you to watch our latest video featuring Reece Birtles, chief investment officer of Legg Mason affiliate Martin Currie Australia.
Amid volatile markets, treacherously low term deposit rates and ... Watch video
Buy low, sell high. It's a simple refrain but one so often forgotten. And not just by inexperienced retail investors with online broking accounts but by the professional investing community as well.
The ... Watch video
We invite you to watch our latest video featuring Zurich Investments senior investment strategist Patrick Noble.
The question of how to generate a satisfactory return to meet investors' needs is becoming ... Watch video
Financial Standard editor Mark Smith presents a roundup of the week's biggest industry news and executive appointments. In this week's news:
Macquarie to face court over van Eyk role
Macquarie Investment ... Watch video
With an 8-14% per annum return objective over the long term, the Pengana PanAgora Absolute Return Global Equities Fund is clearly managed by a team with investment acumen and a well thought out process.
Broadly ... Watch video
We invite you to watch our latest video featuring Bell Direct chief executive officer Arnie Selvarajah.
In the video and accompanying article he explains how easily the increasing number of advisers using ... Watch video
Get it Daily
FREE to your inbox, get the Financial Standard Daily Email.