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
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
Michael McCorry, chief investment officer at BlackRock Australia, has detailed how investors are reconsidering their 60/40 portfolios as macro uncertainty highlight the benefits of liquid alternatives.
Having reset its market focus to high-net-worth advisers, Praemium’s administration solution has been selected by Bell Potter in a deal that increases the platform's funds under administration by $6 billion.
High transition rates from financial advisers have helped Netwealth’s funds under administration rise by $3.7 billion in the fourth quarter of FY25.