WealthPoint connects to online advice
WealthPoint Australia has joined with 2020 Directinvest and Locumsgroup to provide a new online Australian financial advice platform.
The platform, called AdviceConnect, will provide low-cost Australian Securities and Investments Commission compliant advice services to customers in the second quarter of this year.
Locumsgroup managing director Paul Ahearne believes that low-cost advice is a growing trend in financial services.
“The market for low-cost, online advice is huge as the majority of Australians are considered ‘unadvised’ by existing face-to-face and phone advice offerings,” said WealthPoint chief executive officer Mike Giles.
Giles also said he estimates AdviceConnect can deliver simple and limited advice 10 times more efficiently than traditional face-to-face models.
Recommended for you
Equity offerings should be “seriously considered” by advice firms if they want to attract experienced advisers with the option viewed as a major differentiator for candidates seeking their next role.
DASH Technology Group has enacted two internal promotions, appointing a chief risk officer and chief commercial officer to strengthen the firm’s governance and operational capabilities.
The Stockbrokers and Investment Advisers Association has announced the appointment of its new chief executive following the exit of Judith Fox after six years.
Insignia Financial has appointed an experienced financial advice leader as head of education and advice on its Master Trust business, who joins from Ignition Advice,
