This post is in regards to the news article that was leaked...

This post is in regards to the news article that was leaked recently, which can be found here: http://www.smh.com.au/business/bank...l-advisers-20160117-gm7xmn.html#ixzz3xnDJr5oO



A few key points from the article:

-Intiger claims it can reduce operating costs of financial planning practices by 40 per cent, mainly by cutting the cost of creating statements of advice from between $285 to $315, to just $49, as well as reducing the turnaround time from up to a week to one day.
-Mr Fisher founded the company three years ago and claims to now be profitable. Intiger has forecast it will deliver net profit of $40 million by 2018-19.
-124 million out of 937 million shares on issue following a reverse takeover of rare earth and uranium explorer Star Striker Ltd at 2¢ a share.
-It has headquarters in Perth and another office in Melbourne, with about 70 staff in two centres in the Philippines and India
-The money raised will be spent on rolling out of its software platform – known as LiLLY – to clients more quickly, adding to its management and compliance team.



One thing I'd like to point out from the article is the following line:
"Robots won't replace financial advisers because people still want to talk to someone, argues Mark Fisher, the chief of soon to list financial planning outsourcer Intiger Asset Management."
Mr Fisher has been in the industry for many years, which is briefly outlined below. So given his prior experience, I believe what he says is fact. People aren't going to trust a robot to deal with their money, perhaps that standard of practice is something we'll be looking forward to in the future; we just aren't ready for it yet.



The aforementioned news article states Mr Fisher has been running Intiger for three years, yet, according to his Linkedin profile, it states he's currently working at Bell Potter Securities, which again links to http://www.bellfg.com.au/ and is listed on the ASX as "BFG". Could this be a potential "Third Party" mentioned on the Christmas Eve announcement for SRT?



Going back to the article, it states the company has "about 70 staff in two centres in the Philippines and India", which could potentially be related to "the industry’s first scalable offshore processing platform".



Intiger may also have sister companies, which are as follow:
-Intiger Asset Management Pty. Ltd.
-Intiger Financial Planning Pty. Ltd.
-Intiger Property Management Pty. Ltd.



It seems like we'll be jumping right into many sectors of the financial planning industry.


Website: http://www.intigerassetmanagement.com/



This is all IMO and everything written here can be searched through Google. DYOR.