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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David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
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.