App to help manage retirement finances
Almost 50 per cent of Australians do not have enough money in the bank to comfortably retire at 65 but can keep better track of their financial health through new technology, according to Collins Mann Private Wealth Management.
As a response, Collins Mann has launched its Nettshell to provide clients future projections of financial health and advice for reaching savings goals.
Developer Mark Collins said the long-term nature of the guidance available through the app could consider all attributes including net cash, loans, debt, and superannuation and was targeted specifically towards baby boomers.
Collins said that while the app provided a solid foundation, financial advisers were still a key component of the advice process.
"Nettshell is a fantastic tool to demonstrate and manage your financial positions, however having financial advisers available for additional support and advice is crucial," he said.
AUTHOR
Hope William-Smith
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
