Robo-advice firm Ignition Wealth has chosen Lonsec as its research provider in order to improve Ignition's 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 said 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.
MLC Life has appointed the former CFO of AMP Bank as its new deputy CFO as it sees a period of “significant change” for the industry ahead. ...
Mayfair 101 founder James Mawhinney has been restrained from a number of activities following a Federal Court ruling. ...
One of Australia’s largest licensees says it is facing a crisis as risk advisers exit the industry, with its annual life insurance new business drop...