Wealth

In 2016 robo-advice is likely to become a channel that further expands the vertically integrated banking system in Australia, warns SelfWealth founder Andrew Ward.

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Portfolio management start-up Sharesight has raised $1.8 million in a funding round led by the company’s clients.

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Wealth tracking fintech start-up BigFuture has successfully raised $520,000 in capital from senior executives in the financial services sector.

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Robo-advice solutions are not only growing their share within the start-up space, they are set to become more comprehensive and sophisticated advice tools, according to fintech network Afiniation.

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Capital markets fintech firm Dion Global Solutions has launched in the Australian market, offering its mobile trading solution to a range of players in the wealth management industry.

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