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
Insignia Financial has returned to profit in FY25, after a $185 million loss in the previous year, while its advice division grew their revenue per adviser by 14 per cent.
With licensee switching on the rise, particularly for newer advisers, compliance expert Sean Graham has shared red flags to watch out for when making the jump between AFSLs.
Beyond their investment benefits, over a third of advisers say utilising managed accounts solutions has allowed them to take on more clients, according to Praemium.
Insignia Financial’s wrap platform has appointed Heidi Press, former HUB24 head of product management, to spearhead the design and delivery of the MLC Expand platform.