Decimal and Mercer enter Eqilize partnership
Digital advice platform Eqilize is expanding its position across the superannuation industry and will be offered to over two million Australians representing around $65 billion in assets under management after Decimal struck a deal with Mercer.
Decimal chief executive, Nic Pollock, said the Eqilize solution, which launched in mid-2016, had proven popular and gained fast market traction in the past few months.
Mercer chief customer office, Campbell Holt, said customers who did not seek financial advice could be best engaged through technology, and the firm would offer Eqilize in an effort to engage that particular sector.
"Digital advice isn't about digitising traditional advice. The industry has an opportunity to start from a blank slate given more customers aren't familiar with current advice models," he said.
"We're continually focused on helping our super administration clients to deliver better service and member engagement."
Using the solution, clients would be able to configure and personalise software and scale offerings as requirements grew or changed.
Recommended for you
A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.
Sequoia Financial Group has seen a top-level reshuffle as the chair of the board, John Larsen, steps down after five years in the position.
As statements of advice move into the rear-view mirror, Vital Business Partners explores how financial advisers are adopting innovative documentation strategies.
Adviser Ratings has explored whether there is a financial benefit to advice firms seeking to have a specialised client base in terms of client assets and fees charged.
