Nucleus, Arrow join forces for low cost advice

Nucleus Wealth and Arrow Financial Advice have announced a strategic partnership to “cost-effectively service the low balance market”.

Arrow will use Nucleus’ Wealth Fusion platform to “build relationships with clients from the beginning of their nest egg building journey”. Arrow Fusion digital advice platform portfolios will be actively managed and have more than 30 ESG filter choices, creating what Arrow believes is the most comprehensive and sophisticated robo service in the Australian market.

“Arrow has been looking to provide a digital offering to our clients for a while now, as we are seeing increasingly fewer options for low balance clients to get advice, and consumers wanting more and more to interact with companies digitally,” said Arrow Financial Advice chief executive Michael Voss.

The platform will allow Arrow to offer clients dynamic risk management and stock selection, an onboarding experience that provides personal investment advice and ID verification, the tax benefits of a separately managed account, and investments through personal, joint, company, trust, super and SMSF accounts.

“Nucleus Wealth has an outstanding investment pedigree headed by Damien Klassen,” Mr Voss said.

“His team has more than 50 years' industry experience and were one of the few Australian wealth managers to predict the COVID correction and, importantly, to act on it. This, combined with the fact that ethical investing is one of the strongest investment trends globally, makes us delighted and proud to be partnering with Nucleus Wealth to bring our clients this offering.”

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Nucleus Wealth believes the best outcome for consumers is when digital and full-service advice work together and said its filters will meet rising demand for ethical investments and the “increasing disparity in ethical beliefs”.

“Offering individual filters for each ethical consideration is important because our research shows that reducing an investment universe by more than 5 per cent begins to exponentially affect performance,” said Nucleus Wealth CEO Damien Klassen.

Nucleus, Arrow join forces for low cost advice
low cost advice
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