NAB launches robo-advice platformBY ALEX BURKE | THURSDAY, 10 SEP 2015 12:12PMNAB has unveiled its new digital advice service for internet banking customers. Related News |
Editor's Choice
RQI Investors forays into ETFs
|RQI Investors is making a strategic pivot, unveiling its first-ever ETF across the 18-year history of the business, with its parent company coming in as the ETF's initial investor.
Frontier Advisors awarded investment advice mandate
|Frontier Advisors has been appointed as an external investment consultant by an ASX-listed group after it suffered a reduction of nearly $30 million in net investment income in FY26.
AustralianSuper scores Moody's top credit rating
|AustralianSuper has become the first Australian superannuation fund to receive an AAA long-term issuer rating from Moody's. It has assigned a stable outlook to the rating.
MUFG expands InvestStream partnership with minority stake
|MUFG Retirement Solutions has expanded its partnership with InvestStream by acquiring a minority interest in technology provider.
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Jacqueline Fernley
CHIEF EXECUTIVE OFFICER
ARC POINT OCIO PTY LTD
ARC POINT OCIO PTY LTD
Jacqueline Fernley is a self-confessed nerd, a market animal and as of this year, her own boss. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
The term "robo-advice" must be confusing to investors.
From the article above it seems that, for NAB, robo-advice means a personalised assessment of what the investor may need, without recommending specific financial products. So the "robo-advice" will tell the investor what they need but the actual investment requires a traditional adviser.
In Australia, advice usually means risk profiling, making a recommendation of specific financial products through a statement of advice, investing on behalf of the client, managing the portfolio and client reporting.
And robo-advice means providing all these things digitally; risk profiling, recommendation, transactions and reporting. This benefits the investor by increasing the convenience of advice and lowering cost.
Perhaps NAB should be calling Prosper "robo risk profiling"?