What is holding Aussie robo advisers back?BY KANIKA SOOD | WEDNESDAY, 14 AUG 2019 12:21PMHigher base fees, more complex fee structures and fewer investment options could be holding Australian robo advisers back from reaching the scale their American counterparts have, according to new research from Rainmaker. Related News |
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Raamy Shahien
JOINT CHIEF EXECUTIVE OFFICER
VIRIDIAN ADVISORY PTY LTD
VIRIDIAN ADVISORY PTY LTD
Like most who are drawn to financial advice, Raamy Shahien is a people person, and it's his desire to foster a strong, sustainable community that has helped propel Viridian Advisory. Eliza Bavin writes.
In America, the major firms are actually encouraging personal advisers be added to robo-accounts. If we did away with Opt-In notifications and a lot of the unnecessary red tape cleverly imposed on non-aligned advisers, low income investors could afford to gain access advisers in Australia once more.