Macrovue releases platform for retail investors
The unveiling of an online trading and brokerage platform from investment service, Macrovue, will allow Australian retail investors to access overseas investment opportunities.
Macrovue chief executive, Sid Sahgal, said: "We have a purpose-built platform to directly help everyday Australians who want to... invest in broader global investment themes."
"To date, these opportunities have been highly intermediated, expensive, or just simply out of reach." Sahgal said that the increase in digital financial technology had helped create a new focus for investment, which saw investors opened to more opportunities in the global market and assistance for Australians wanting to buy offshore listed companies.
"[There is] a power shift in the investment value chain that elevates individual investors to the same access level as institutions," he said.
"Our sights are set on firmly empowering a greater number of investors who want to... acquire global stocks at low cost."
Recommended for you
With regional and rural suburbs exhibiting high spare capacity to invest, Money Management speaks to three regional advisers on the opportunities beyond the major cities and the importance of a strong network.
Platform consolidation is expected to accelerate among financial advisers this year, as software company Finura pinpoints which two platforms are set to be the winners, thanks to this trend.
The software provider has made several appointments in its APAC wealth propositions team, with a focus on driving growth across digital advice, Xplan and strategic partnerships.
The platform has announced it plans to close its Xplore managed discretionary account service in 2026 which holds $2 billion in funds under administration.