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
Despite the year almost at an end, advisers have been considerably active in licensee switching this week while the profession has reported a slight uptick in numbers.
AMP has agreed in principle to settle an advice and insurance class action that commenced in 2020 related to historic commission payment activity.
BT has kicked off its second annual Career Pathways Program in partnership with Striver, almost doubling its intake from the inaugural program last year.
Kaplan has launched a six-week intensive program to start in January, targeting advisers who are unlikely to meet the education deadline but intend to return to the profession once they do.
