Robo-advice firm Ignition Wealth has appointed a former chairman of Asian investment bank Nomura Australia as its inaugural chairman.
Peter Meurer, who has also served as vice chairman of Citigroup and Merrill Lynch Australia, has been named as the firm's inaugural chair.
Commenting on his appointment, Mr Meurer said, "The financial planning industry is facing significant cost and regulatory pressures for independent advice, which requires innovative solutions.
"All Australians should have access to quality financial advice at a reasonable price and Ignition Wealth's proven technology will play a key role in achieving that goal," he said.
Ignition Wealth is due to launch in September after it was recently granted an Australian Financial Services Licence.
The firm provides an online and automated investment service, aimed at helping people to manage and grow their wealth at a lower cost than through traditional financial services.
According to the newest members of the FSC board, advice networks having a “seat at the table” is a positive development ...
ASIC has announced a permanent ban on a financial adviser based in NSW. The corporate regulator said on Friday it has ...
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin