Developed in conjunction with Finura Group, the ‘2022 Adviser and Advice Tech report’ reviewed five end-to-end providers, 15 application solution providers, six digital advice providers and two platform providers, with a view of how each of those providers interact in the advice framework.
This year will see “fewer foreign raiders” – being overseas tech providers – coming into the market, according to a prediction from Finura Group. The wealth tech consultant is releasing its annual set of predictions for the year, and despite expectations advice business are ripe for overseas capital investment, this may not be the case for tech providers.
Calls have been made for Australia’s advice industry to follow the UK’s regulatory model of regulating relevant and non-relevant providers separately. The joint submission to the Quality of Advice Review from consulting firms Encore Advisory, Finura Group and Tangelo Advice Consulting has argued consumers having widely dissimilar experiences of receiving advice from relevant providers versus limited scope advice through a super fund, with less regulatory requirements, isn’t a good outcome for consumers.
PODCAST EPISODE Podcast: What the Quality of Advice Review means for Advice and Technology 11 April, 2022 Selin and Conrad are two leading compliance specialists who advise some of the wealth industry’s leading businesses on regulatory and business model transformation. We talk about the regulation of financial services and the ever-changing role of technology. With […]
PODCAST EPISODE Podcast: Mel Drago – Founder of Paraplanning Marketplace, Tanngo. 2 March, 2022 Mel Drago is the founder of the world’s first online paraplanning marketplace, Tanngo. Connecting freelance paraplanners with their financial adviser clients. She is an entrepreneur with a clear vision of how to improve the delivery of services to the marketplace. We […]
PODCAST EPISODE Podcast: 2022 Advice Tech Predictions 17 February, 2022 Nicole Smith, Aron Satchell and Peter Worn from Finura Group discuss the 2022 Advice Tech predictions for Australia. The team also go through the 2021 wins/fails predictions and some lively debate on the more controversial themes as we see market forces reshaping fintech in the […]