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.
AUTHOR
Hope William-Smith
Recommended for you
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
ASIC was active in the first quarter of 2025 with several financial adviser bannings and court action, while the FSCP also handed down outcomes to advisers.
With a joint venture announced between WT Financial and Merchant Wealth Partners, the firm may have a US background, but partner David Haintz has a long history with Australian financial advice.
The big four bank is set to see $40 million per annum in cost savings as it continues to migrate customers from its Asgard wealth platform to BT Panorama by FY26.
