The app now integrates automatic direct data feeds from banks, superannuation funds, share brokers and managed funds.

“BigFuture’s aim from the start was to offer a complete wealth management package, enabling people to see what they own and how this changes with time,” said BigFuture chief executive Donald Hellyer. 

“Our objective is to develop an individual’s confidence to make financial decisions,” he added.

The application currently includes a retirement planning tool, which includes a modelling function. 

“[It allows] an individual to model the trade-off between a desired lifestyle and the probability they will run out of retirement savings,” Mr Hellyer said. 

Further, users have access to a library of education modules from beginner to expert. 

In December 2015 the start-up raised $520,000 in capital from senior executives in the financial services sector. 

promoted stories