InvestSMART teams up with RaboDirect



Australian provider of automated investment advice to retail clients and self-managed super funds (SMSFs), InvestSMART has partnered with RaboDirect to provide its customers with access to portfolio management and investment research tools.
Under the terms of the agreement, RaboDirect’s clients would also be offered complementary access to InvestSMART’s premium suite of product research services over six months.
According to InvestSMART’s managing director, Ron Hodge, the new partnership would be dedicated to those individuals who wished to take a more active role in the management of their wealth.
“Our partnership with RaboDirect means we can provide comprehensive and timely investment information to bank customers wanting to ensure their portfolios are well diversified, and the tools, systems and services to help them to achieve that goal,” he said.
RaboBank Australia is part of the Dutch Rabobank Group, founded as a cooperative, by farmers for farmers.
Recommended for you
While the last several months have seen increased market volatility, particularly in the US, advisers said there are multiple reasons why there has been an increase in defensive asset flows.
Scarcity Partners believes the dynamics playing out in the managed account and outsourced chief investment officer market are “here to stay” based on positive developments in financial advice.
Former executive chairman of failed stockbroker BBY, Glenn Rosewall, has been charged with aiding, abetting, counselling or procuring BBY’s dishonest conduct in relation to a financial service.
Fidelity International research has revealed Australian investors are significantly more optimistic about the market outlook and feeling more comfortable than their APAC peers, despite ongoing market volatility.