Former NAB execs roll out cloud-based advice service
Two former NAB executives have launched a cloud-based wealth advice service aimed at those who do not have an adviser and want to track their own wealth.
Michael Clancy and Donald Hellyer have rolled out BigFuture.com.au. In a statement, Mr Clancy said the new service targets the "80 per cent of Australians who do not use financial planners".
"Some people just aren't sure where to start. BigFuture can help this large group of Australians learn how to manage their wealth," he said.
According to the statement, the service provides a single place for members to view their total wealth, including superannuation, bank accounts, term deposits, managed funds, property and loans.
It also offers educational videos as well as a "sophisticated planning model" for members to see how much they will need to save for retirement.
In addition, BigFuture is free to use for most people and will offer affordable paid premium services for those with "large numbers of investments or complex needs", the company said,
Mr Hellyer, who is chief executive of the company, said "BigFuture aims to democratise wealth management, providing individuals with a means to take control of their wealth".
"We believe if you can learn how to drive your car you can learn how to manage your money," he said.
CBA wealth, business, private banking heads to leave
CBA's chief of its wealth management and mortgage broking businesses (NewCo), Ja...
AFA seeks delay of FASEA code rollout
The Association of Financial Advisers has sought for the government to delay the...
Iress enables easier global trading for advisers
Iress has integrated with an Asian financial institution to enable advisers to m...