Robo-advice firm partners with Lonsec
Robo-advice firm, Ignition Wealth, has announced a partnership with investment house, Lonsec Research.
Lonsec's research and consulting staff will work with Ignition Wealth's investment committee, which will ultimately be responsible for the model portfolios, the robo-advice firm said.
Lonsec Fiscal joint chief executive, Amanda Gillespie, said Lonsec, which is associated with around 7,500 financial advisers, was eager to make its research and portfolio construction information more widely available.
"Robo-advice won't replace the traditional advice model: it's a complement to it," she said.
"We believe that there are multiple ways to deliver advice, whether that is via a traditional face-to-face model or through digital-focused groups such as Ignition Wealth."
Ignition Wealth's model investment portfolios will launch later this year.
Some superannuation funds have been using the firm's technology for online and mobile calculators, illustrators and advice tools.
AUTHOR
Malavika Santhebennur
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.
