Macrovue releases platform for retail investors
The unveiling of an online trading and brokerage platform from investment service, Macrovue, will allow Australian retail investors to access overseas investment opportunities.
Macrovue chief executive, Sid Sahgal, said: "We have a purpose-built platform to directly help everyday Australians who want to... invest in broader global investment themes."
"To date, these opportunities have been highly intermediated, expensive, or just simply out of reach." Sahgal said that the increase in digital financial technology had helped create a new focus for investment, which saw investors opened to more opportunities in the global market and assistance for Australians wanting to buy offshore listed companies.
"[There is] a power shift in the investment value chain that elevates individual investors to the same access level as institutions," he said.
"Our sights are set on firmly empowering a greater number of investors who want to... acquire global stocks at low cost."
AUTHOR
Hope William-Smith
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
