Research house Lonsec will now provide its research offerings to robo-advice firm Ignition Wealth.
Ignition Wealth has opted to use Lonsec's research in the effort to enhance its online investment advice.
Ignition Wealth managing director Mark Fordree said: “The inclusion of Lonsec’s quality advice and ratings process in the construction of our model portfolios is another sign of Ignition’s commitment to delivering top-notch online investment advice.”
Amanda Gillespie, Lonsec Fiscal joint chief executive, said the group is keen to make its research and portfolio construction insight more widely available.
“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,” Ms Gillespie said.
“Robo-advice won’t replace the traditional advice model: it’s a complement to it.”
Ms Gillespie indicated that Lonsec has established connections with approximately 7,500 financial advisers.
Lonsec Research will work with Ignition Wealth’s investment committee, which will have responsibility for the model portfolios.
New research has found that low-cost, multi-asset funds are more likely to experience volatility when markets decline. ...
The new Australian Financial Complaints Authority has revealed its strategic plan and brand image ahead of its national launch. ...
The major life insurer has confirmed that 50 employees have lost their jobs amid a shakeup of the group's direct sales business. ...