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.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 17 Oct 2017Shipton ‘most qualified’ for ASIC role: O’DwyerBy Aleks Vickovich and Jessica Yun
- 17 Oct 2017Government names new ASIC chairBy Staff Reporter
- 17 Oct 2017Elders signs new practiceBy Staff Reporter
- 17 Oct 2017ANZ to offload dealer groups to IOOFBy Killian Plastow
- 16 Oct 2017ATO anti-adviser bias called outBy Aleks Vickovich
- 16 Oct 2017Sentinel Private Wealth enters enforceable undertakingBy Staff Reporter
- view all