@CJTJ
Personally i would love to hear something this week, but am prepared to hang on.
This might help you calm down:
20 days after this 10June15 article, AMP went on trial with Intiger (part Robo + part human) on 1July15 (?).
Got to love last para.
--
10 June 2015
Automated financial advisers – ‘robo-advisers’ – are coming to the wealth management market with the aim of disrupting the industry….
…With portfolios typically focused on mutual funds, ETFs and cash deposits (for the most risk-averse customers) and exclusively offering general advice, robo-advisers present several advantages, including:
…Most of Australia’s largest financial institutions seem to have an interest in being an active part of the growing start-up environment.
Westpac and St George are providing direct funding and support to innovative ideas;
ANZ and AMP are amongst the main partners of a new fintech-focused start-up space in Sydney; and CBA has its own Innovation Lab.
...In fact, the Automated Investment Advisers Global Market Review found that robo-advisers appeal not only to their
natural younger audience – technology-savvy and with smaller investment capital
–
but also to more sophisticated investors aged 60 and over, attracted by the opportunity for greater transparency, more control and lower fees.
The robo-advice revolution in Australia is still in its early stages and only time will tell if a small start-up
or a large financial
institution will launch the platform that will receive enough interest to gain noticeable market share and take on the players from overseas that are targeting Australia.
(20min delay)