Wealth

As the big financial services firms continue to move into robo-advice, it will become obvious that most start-ups in the sector are simply not viable, says Grail Partners.

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AMP's venture capital arm AMP New Ventures has wholly acquired personal finance management platform MoneyBrilliant.

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The likes of Apple and Google are "not interested" in entering the regulated financial services space, and the domination of the top five Australian banks will continue for decades, says Macquarie.

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Platform provider Netwealth has partnered with financial advice software firm IRESS to offer straight-through processing for financial advisers.

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Robo-advice firm BetaSmartz has launched today, offering institutional and retail investors an automated investment platform.

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