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Robo-adviser Ignition Wealth partners with RPAA

More than 23,000 members of the Retirement Planning Association of Australasia (RPAA) will now have access to robo-adviser Ignition Wealth's online investment platform.

The platform provides a full suite of investment advice tools and educational materials, according to a statement by Ignition Wealth.

The partnership marks the first major distribution agreement for Ignition, which became the first automated advice firm to be granted an AFSL earlier this year, the statement said.

"We identify with the goals of the RPAA and under our agreement, their 23,000 members will gain access to independent, transparent and low-cost financial advice," said Ignition Wealth chief executive Mark Fordee.

Ignition has also appointed former Mercer executive Mark Clayton as its head of investment and experienced marketer Sally Humphris as business development manager, the statement said.

The company's white-labelled online and mobile financial calculators, illustrators and advice tools are already used by a number of major industry funds to engage with members, Ignition said.