Robo-advice firm partners with Lonsec

Lonsec’s research and consulting staff will work with Ignition Wealth’s investment committee, which will ultimately be responsible for the model portfolios, the robo-advice firm said.

Lonsec Fiscal joint chief executive, Amanda Gillespie, said Lonsec, which is associated with around 7,500 financial advisers, was eager to make its research and portfolio construction information more widely available.

“Robo-advice won’t replace the traditional advice model: it’s a complement to it,” she said.

“We believe that there are multiple ways to deliver advice, whether that is via a traditional face-to-face model or through digital-focused groups such as Ignition Wealth.”

Ignition Wealth’s model investment portfolios will launch later this year.

Some superannuation funds have been using the firm’s technology for online and mobile calculators, illustrators and advice tools.

Source: http://www.moneymanagement.com.au/news/financial-planning/robo-advice-firm-partners-lonsec