Wealth

Australian advice software-as-a-service platform Lumiant has opened a capital raise aiming to gather up to $1.5 million, following its launch last week.

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Half of all financial advisers believe businesses using outdated technology will not survive and that COVID-19 has widened the advice gap, according to a new survey.

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UK neobank Revolut has rolled out its commodities feature to the Australian market, allowing users to purchase or sell precious metals instantly via its banking app, for as little as a dollar.

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Raiz Invest has appointed a digital marketing specialist with multinational board and governance experience as its new chair.

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The entry of trading platforms such as Superhero in the Australian market is expected to further fuel the growth of the ETF segment, following its spike in March.

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