Robo-advice firm partners with Lonsec
Robo-advice firm, Ignition Wealth, has announced a partnership with investment house, Lonsec Research.
Lonsec's research and consulting staff will work with Ignition Wealth's investment committee, which will ultimately be responsible for the model portfolios, the robo-advice firm said.
Lonsec Fiscal joint chief executive, Amanda Gillespie, said Lonsec, which is associated with around 7,500 financial advisers, was eager to make its research and portfolio construction information more widely available.
"Robo-advice won't replace the traditional advice model: it's a complement to it," she said.
"We believe that there are multiple ways to deliver advice, whether that is via a traditional face-to-face model or through digital-focused groups such as Ignition Wealth."
Ignition Wealth's model investment portfolios will launch later this year.
Some superannuation funds have been using the firm's technology for online and mobile calculators, illustrators and advice tools.
AUTHOR
Malavika Santhebennur
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.
