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Australia lagging on robo-adviceBY HARRISON WORLEY | FRIDAY, 19 JUN 2020 12:36PM
Australia is still dragging the chain on robo-advice but there is hope for local providers, according to new global research on the take-up of the technology.
Read more: Robo-advice, Investment Trends, Vanguard, Recep Peker, Betterment, CommSec Pocket, Fidelity, Wealthfront, Financial planning
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Towards a perfect currency solution
A former financial adviser and licensee director has been sentenced to six years' imprisonment for misappropriating close to $2 million for his own use.
Pinnacle Investment Management's 16 affiliates tallied up only $3 billion in net inflows in FY20 as institutional allocators deferred mandate decisions in COVID-19 but the firm managed to grow NPAT by 5.6% to $32.2 million.
ASX-listed trading platform SelfWealth has renewed its clearing, settlement and execution (CS&E) mandate with retail broker OpenMarkets, in a move that it says demonstrates the two fintech's shared objective of disrupting the status quo.
The self-managed super fund administration and software provider has appointed two new technology leads, set to help Class continue to grow and innovate.
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