Articles tagged with 'roboadvice'
Micro-investing platforms - the future is now
16 June 2021 - New research from the Financial Services Council (FSC) has revealed the surprising number of Kiwis using platforms like Sharesies, Hatch and Stake, why they’re using them, and what’s stopping those who haven’t yet jumped on the bandwagon.
Robo-advice KiwiSaver links up with advisers
1 June 2021 - NZFSG-backed Select Investments has acquired a stake in robo-advice KiwiSaver platform Kōura Wealth, with the digital platform looking to team up with mortgage advisers.
Aussie advisers: Not keen on digital advice
20 April 2021 - Over the ditch ASIC told an Australian Parliament select committee that Aussie advisers have no “appetite for digital advice”. Do Kiwi advisers feel the same?
Are robots the future of advice?
6 April 2021 - New research reveals more consumers trust robots to make their financial decisions, so will your next colleague be made of steel?
Nikko opens platform to advisers
11 June 2020 - Nikko AM NZ has opened access to its low-cost investment platform, GoalsGetter, to AFAs.
Digital advice the mass market solution: Carlyon
29 May 2020 - All KiwiSaver providers should be required to have a roboadvice offering, kōura founder Rupert Carlyon says.
Nikko attracts big balances
20 November 2019 - Nikko’s new KiwiSaver scheme is attracting savers with large balances, rather than large numbers of savers.
KiwiSaver members want online research, not advice; New player says
8 October 2019 - KiwiSaver newcomer, kōura, says most people would prefer online research to an adviser when it comes to making investment decisions.
Advice rules created 'two-tier' market, working group says
10 September 2019 - More advice is needed to boost the fortunes of the New Zealand capital markets, a new report says.
Old school digital advice failed advisers, but there are new options emerging
26 August 2019 - So far most attempts by advisers to increase sales online have failed. It’s worth wondering why that is, and whether there is scope for change.
Hobson Wealth latest to enter KiwiSaver with a robo solution
16 August 2019 - A new robo-advised KiwiSaver scheme, partly-owned by sharebroker Hobson Wealth, is set to launch in a month's time, designed to offer better investor outcomes.
AFA's robo offering hits $1m FUM
13 June 2019 - An Auckland AFA who launched a roboadvice offer this year has amassed $1 million under management.
Sorted denied funding for independent robo offer
12 June 2019 - Retirement Commissioner Diane Maxwell says the Commission for Financial Capability applied for funding to create an independent roboadvice tool but was rejected.
Nikko robo-KiwiSaver goes live
6 March 2019 - Nikko is launching its KiwiSaver roboadvice platform today, the first time the fund manager has dipped a toe into the New Zealand retail investor market.
AFA offers digital KiwiSaver solution
12 February 2019 - An authorised financial adviser who has been granted an exemption to offer personalised roboadvice says the process was an involved one.
FMA lodges robo application number three
23 October 2018 - A third application to offer roboadvice to New Zealand customers is being considered by the Financial Markets Authority.
Emotional intelligence key in robo world
18 October 2018 - Financial advisers are being told they’ll need to hone their ability to have deep and meaningful conversations with clients in the new world of roboadvice and artificial intelligence.
Roboadvice offers 'must show value'
16 October 2018 - Roboadvice is the “best possible thing for New Zealand financial literacy”, says the man responsible for developing Kiwi Wealth’s offering.
FMA issues second robo advice licence
27 August 2018 - Nikko Asset Management plans to offer a robo-advice service for its recently launched KiwiSaver scheme later this year.
FSCL warns: Roboadvice creates non-disclosure risk
27 June 2018 - Allowing personal insurance products to be delivered via roboadvice opens New Zealanders up to greater risk of having their claims rejected because of non-disclosure, a dispute resolution service says.
Kiwi Wealth gets first robo green light
11 May 2018 - Kiwi Wealth says it expects its roboadvice services to complement those provided by human advisers.
NZ Funds launches latest fintech tool for advisers
18 April 2018 - `NZ Funds has launched a new planning tool for advisers which it considers to be ground-breaking in New Zealand.
FMA still waiting for first robo applications
2 March 2018 - Roboadvice is off to a slow start in New Zealand.
Platforms' commission question
28 February 2018 - Platforms offering no advice receive the same insurance commission rates as financial advisers offering personalised guidance on insurance products.
Advisers get automation boost
15 February 2018 - A new service will automate adviser processes to streamline the provision of insurance advice.
Roboadvice on horizon
22 January 2018 - The Financial Markets Authority expects to be open for applications from providers wanting to offer roboadvice by the end of March - and possibly sooner...
Insurers: Robo won't replace advisers
19 January 2018 - New Zealand insurers are at pains to point out that they want to focus on human advisers – even as development work continues on robo solutions.
It's real; Financial adviser reforms are go
7 December 2017 - The Government has pushed the go button for significant reforms to how financial advice is delivered in New Zealand. This evening the Financial Services Legislation Amendment Bill has had its first reading in Parliament and now goes to Select Committee.
Nikko plots KiwiSaver launch
6 December 2017 - Nikko Asset Management is to launch a KiwiSaver fund offered via roboadvice.
Priorities and ideals
21 November 2017 - One celebrated robo-advice site does nothing to help the customer decide which insurance to choose when the budget crunch has to be acknowledged.
A survival guide for financial adviser licensing
21 November 2017 - All financial advisory businesses will begin a mandatory licensing process, but do not fear, the FMA comes in peace, John Berry says. In the first of two-part commentary he shares his views on what to expect and how to prepare for change.
Roboadvice green light 'better late than never'
17 November 2017 - Work is progressing on the exemption that will allow personalised roboadvice, or digital advice, in New Zealand. But one law firm says it's a case of "better late than never".
Robo-advice: The democratisation of professional financial advice
23 October 2017 - Kiwi Wealth says helped initiate the recently introduced changes to allow robo-advice after it formally applied to the FMA for an exemption in March while...
Insurers support robo options
19 October 2017 - An exemption to allow roboadvice in New Zealand will include the provision of personal insurance products, something which one insurer has argued could lower commissions to advisers.
FMA fast-tracks roboadvice
18 October 2017 - Advisers can expect to see roboadvice in the New Zealand market next year, and the country’s banks and product providers are already developing their platforms.
Getting to Know: Murray Harris
29 September 2017 - Murray Harris says financial advice is about much more than money and investments. But his time with the world's super-wealthy has given him added appreciation of both.
Aussie robo provider wants to partner with Kiwi advisers
27 September 2017 - An Australian roboadvice platform is planning to enter the New Zealand market early next year and wants to work with local advisers.
Advisers should speak up for investor unfairness
20 September 2017 - An adviser says a recent $25 million new shares placement by Turners Automotive Group highlights the importance of advisers to investors as the industry continues to embrace roboadvice.
Online offer 'more than quote and compare'
14 September 2017 - A new insurance advice firm is promising consumers a more in-depth online service.
Advice key part of KiwiSaver success: ANZ
5 September 2017 - Advice is important to make sure New Zealanders get the most out of KiwiSaver, the country’s biggest provider says – but it suggests much of it should be supplied free.
Sharesies ponders advice offer
28 August 2017 - Working out how advice will fit into its platform is on the agenda for new investment provider Sharesies.
GRTV Ep3: Code working group; the value of opening up to your clients; and risk advice upheaval
12 August 2017 - In this latest episode of GRTV, Good Returns publisher Philip Macalister sat down with the chairman of the Code Working Group, Angus Dale-Jones, Dr. Philip M. Randall, managing partner of The Thorndyke Group and Partners Life chief executive Naomi Ballantyne.
Getting to Know: Binu Paul
11 August 2017 - Binu Paul is known in the industry for his fresh approach to the application of technology in financial services. But did you know about his plans to dabble in fashion?
Start dating your clients
9 August 2017 - Financial advisers are realising that the value in their businesses is the relationships they have with clients, not just the skills they offer, says Philip M. Randall, managing partner of The Thorndyke Group.
Start dating your clients
9 August 2017 - Financial advisers are realising that the value in their businesses is the relationships they have with clients, not just the skills they offer, says Philip M. Randall, managing partner of The Thorndyke Group.
Insurers worry about change: Report
4 August 2017 - New Zealand insurers rank around the bottom quartile of the world when it comes to preparedness for the changes transforming the industry, PwC’s latest report shows.
Financial Advice NZ set for take-off
3 August 2017 - Financial Advice NZ's working group has revealed the board who will lead it through the establishment phase.
Robo exemption a win for big providers
31 July 2017 - Former FMA senior solicitor Simon Papa considers plans to allow roboadvice ahead of the law changes.
Robo exemption would clarify murkiness: FSF
21 July 2017 - Consumers could be put at risk if the Financial Markets Authority does not allow roboadvice to be deployed soon, the Financial Services Federation is warning.
FMA overstepping bounds: Weatherston
20 July 2017 - [ADDS FMA COMMENT] Financial adviser Murray Weatherston says the Financial Markets Authority does not have the legal standing to offer the exemption it is proposing, to clear the way for roboadvice.
Luck might run out for passive managers
19 July 2017 - PM Capital's Paul Moore reveals why he believes passive investing is reaching peak momentum and why that should throw up more opportunities for active managers.
The rising cost of financial advice
19 July 2017 - Hobson Wealth Partners' Warren Couillault talks about the cost of providing financial advice and why he believes it is now 50% to 100% more than it was five years ago.
More than 75% of advisers using ETFs
17 July 2017 - Advisers are turning to exchange-traded funds in increasing numbers – but there’s a warning not to “set and forget” the passive investments.
GRTV: Code working group, active v passive and the rising cost of financial advice
14 July 2017 - In this latest episode of GRTV, Mike Newton of advice firm Newton Ross discusses the "scary" make up of the new code working group, Hobson Wealth Partners' Warren Couillault talks about the rising cost of providing financial advice and finally Paul Moore of PM Capital explains why passive managers’ luck just might run out.
Committee argues for level playing field for advisers
12 July 2017 - Moves to allow roboadvice must ensure that providers are held to the same standards as authorised financial advisers, the Code Committee says.
Active managers time is coming: Moore
8 July 2017 - Passive managers’ luck may run out over the coming years, one fund manager says.
Advice becoming more expensive
7 July 2017 - It now costs 50% to 100% more to provide financial advice than it did five years ago, says Warren Couillault, executive director of Hobson Wealth Partners.
FMA rules could stop KiwiSaver robo before it starts
6 July 2017 - Plans that would allow roboadvice to enter the New Zealand market as early as next year may stop KiwiSaver providers getting involved.
New AML classification for financial advisers - what changes?
5 July 2017 - Advisers have had their AML risk assessment downgraded but don’t expect that to translate into any lesser regulatory requirements.
New robo service 'NZ's smartest financial adviser'
29 June 2017 - The financial adviser behind a new online KiwiSaver advice site says the platform is competition for traditional financial advice models.
Robo: Get behind, or get left behind
23 June 2017 - A Financial Markets Authority proposal to clear the way for roboadvice earlier than expected has been given a tick of approval by experts.
Roboadvice is coming
21 June 2017 - The Financial Markets Authority has laid out a plan to clear the way for roboadvice and says it has already had approaches from AFAs who want to offer the service to their clients.
Roboadvice could come sooner than law reform
15 May 2017 - The Financial Markets Authority is considering ways that roboadvice could be made possible before the new financial advice legislation kicks in.
Here's how to get set for robo
2 May 2017 - Advisers who want to build a broader client base could look at the roboadvice technology that is proving popular overseas and try to buy the license rights in New Zealand.
Robo development under way
7 March 2017 - DLA Piper senior associate Geoff Ward-Marshall says his firm’s clients are already looking at how their roboadvice offerings will take shape in the new legislative environment.
Young developer starts off robo advice site
12 December 2016 - Next year's revamp of the Financial Advisers Act which will legalise the use of robo-advice in New Zealand's financial sector can't come soon enough for one young Wellington entrepreneur.
Robo offer will soon become essential for advisers: Symons
24 November 2016 - Advice businesses are being told it should now be much cheaper and easier to set up roboadvice platforms than it might have been as little as three years ago - and soon a good robo offering will be expected by clients.
Brokers unhappy with ASB's new refix process
17 November 2016 - ASB has introduced a new electronic process of dealing with home loan refixes which is undercutting mortgage advisers on rates and terms.
Roboadvice could divert clients: Naylor
31 October 2016 - Financial advisers risk losing out on the next generation of clients to roboadvice, a New Zealand academic says.
Littlewood itching to get started on robo launch
21 October 2016 - Work may commence later this year on bringing back to life roboadvice product last offered two decades ago.
Advisers welcome prospect of robo
18 October 2016 - An international survey of CFP advisers, including those in New Zealand, has found they are starting to view roboadvice as an opportunity, rather than a threat.
Big providers prime targets for automated advice
18 October 2016 - Big financial institutions already operating in this country are the most likely providers to roll out roboadvice in the near future, says the man behind an online KiwiSaver information and comparison site.
New Zealand could take roboadvice lead
7 October 2016 - New Zealand has all the “raw ingredients” in place to be a world leader in roboadvice but needs the Government to get behind the fintech sector, one financial services expert says.
Robo an opportunity
22 September 2016 - Advisers have a chance to use roboadvice to their advantage, the chief executive of one fintech company says.
Kiwi robo rules may be similar to Australia's
6 September 2016 - New Zealand's future roboadvice providers may have to work to similar standards to those now being imposed on Australian operators.
Future Penny has eye on Kiwi market
25 July 2016 - An Australian roboadvice firm is looking to expand into New Zealand.
Roboadvice could complement adviser businesses
23 June 2016 - Financial advisers could be able to make more money out of clients with smaller investment portfolios if they can find a way to introduce some roboadvice into their practices, it has been suggested.
Warning: No room for complacency on digital disruption
19 May 2016 - Fund managers and financial advice firms that think they can rely on clients’ desire for human interaction to insulate them from digital disruption may be in for a shock, a new report says.
Consumers might favour algorithms over fallible humans
2 May 2016 - New Zealand consumers might trust roboadvice more than they do human advisers, at least at first, one industry commentator says.
Thumbs up for roboadvice rules
27 April 2016 - New Zealand financial institutions are welcoming moves to allow roboadvice in this country.
Roboadvice is coming
15 March 2016 - Roboadvice is coming to New Zealand, says PwC’s financial services leader.
Roboadvice an opportunity for advisers
13 January 2016 - Growth of roboadvice could be the catalyst to build a new financial advice industry in New Zealand, it has been claimed.
Macquarie launches roboadvice
25 November 2015 - Roboadvice is stepping up across the ditch, where the Macquarie Group is launching a mass-market offering. It will launch an online tool in December allowing...
Roboadvice a game-changer: Resnik
19 November 2015 - Roboadvice is being tipped to be the most significant development in the delivery of financial advice in this country in the past three decades.
Roboadvice may be too expensive to pay off
30 September 2015 - Commercial constraints may put the brakes on on roboadvice reaching its full potential for now, it has been suggested.
Roboadvice goes back to the future
22 September 2015 - A roboadvice product last offered 20 years ago could be dusted off and repurposed for modern consumers.
Barnes' firm launches roboadvice offer
28 July 2015 - A new roboadvice solution targeted at investors who do not want to pay for advice is being rolled out in Australia by a firm with links to a New Zealand-based businessman.
What is roboadvice, anyway?
17 June 2015 - What exactly is roboadvice? Is it even legal?
Warning: Don't ignore roboadvice
15 June 2015 - Roboadvice is set to disrupt the adviser industry as much as iTunes has turned music on its head and Uber has upset taxi drivers, says Andrew Logan, GM of wealth at software firm IRESS.
