Wealth

Using digital advice tools can be an effective way for advisers to scale their business, but only if they are clear about the limitations of the advice they are providing clients, according to a successful robo-enabled advice firm.

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The board of Raiz has cast off Sargon Capital-owned corporate trust business, Australian Executors Trustee, telling shareholders it would be changing to a new independent custodian.

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Volt has teamed up with the Cotton On Group to encourage staff and customers to sign up to the neobank through a savings challenge, in reportedly the first partnership of its kind with a major retailer.

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Troubled fintech group Sargon Capital has entered a sale agreement for its eight companies under administration.

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The Australian version of the NASDAQ has gone live, with technology minister Karen Andrews anticipating the new index will create opportunities for capital and growth for smaller tech firms.

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