Stockspot launches adviser partnership opportunities
Robo-adviser Stockspot has announced it will launch a Partners Programme, which will allow financial professionals to use its services for their clients.
Stockspot said in a statement yesterday that as part of the partnership, the robo-adviser will be responsible for managing the client’s portfolio – including all advice, investing, compliance, rebalancing and tax reporting.
The financial professional will have visibility of their client's portfolio via an online investment dashboard and will receive updates on the strategy and client's financial profile.
Stockspot chief executive and founder, Chris Brycki, said the new partnership opportunity will allow financial professionals to focus on other bespoke areas of advice while Stockspot takes care of the investment advice and portfolio management.
“They will still have visibility through our online dashboard and we will keep them updated on changes in their client's investment strategy and personal circumstances so they know the best time to speak to their clients with other strategic or tax advice,” Mr Brycki said.
“In the last 12 months, with the increased spotlight on the robo-advice industry in Australia, we’ve had a lot of interest from independent financial advisers and accountants asking to partner with us.
“Particularly among independent financial advisers there’s a definite appetite for robo-advice as a way to connect with clients who have less complex investment advice needs,” he said.
“They view Stockspot (and robo-advice in general) as a hands-off, sensible investment service clients can use to grow their wealth," said Mr Brycki.
The Stockspot Partners Programme will be launched in spring 2016. Currently, it is in beta testing with select financial professionals.
Former NAB adviser charged by court
An adviser formerly aligned with NAB has been charged with two offences of obtai...
Step-by-step guide to survey your customers
Please use the following step-by-step guide to share the ifa Client Experience S...
Advisers to ‘name and shame’ instos over commissions
Financial advisers across Australia are bankrolling a united effort to challenge...