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Mercer extends robo-advice contract with Decimal

Mercer extends robo-advice contract with Decimal

Reporter
— 1 minute read

Cloud-based financial planning provider Decimal has signed a new contract with Mercer to provide consumer-driven robo-advice.

The new commercial contract will see an extension of Decimal's relationship with Mercer, representing a move from its offering adviser-driven robo-advice to consumer-driven robo-advice.

According to a Decimal statement on the ASX yesterday, "consumer-driven robo-advice means that the consumer drives the advice process from issuance to execution".

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Since its launch in June 2015, the value of funds advised using Decimal's consumer technology has grown to over $1.2 billion.

"The new contract with Mercer is a fantastic validation of Decimal's consumer-driven robo-advice technology," Decimal chief executive Nic Pollock said.

"We believe that Decimal is currently the only company with the capability to provide consumer-driven robo-advice to customers quickly and efficiently."

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Mercer extends robo-advice contract with Decimal
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