Astute Wealth Advice and Lumiant reach agreement over copyright concerns


Advice platforms Astute Wealth Advice and Lumiant have reached an agreement over copyright concerns regarding Lumiant’s Confidence Questionnaire.
Astute Wealth Advice sent a cease and desist after it alleged it copied AstuteWheel’s 5-Minute Financial Health Check.
Hans Egger, AstuteWheel managing director, said: “In response to the concerns raised in our letter, I am pleased that Lumiant has complied and has removed all offending material from its platform and has agreed to disable all third-party access to the Questionnaire, delete all electronic records of it, inform all clients of the breach and desist from reproducing AstuteWheel’s 5-Minute Financial Health Check. Lumiant has fully co-operated with us, and we now consider the matter closed”.
Lumiant had no further comment on the matter.
Recommended for you
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.