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EXCLUSIVE A lack of regulatory confirmation is making it difficult for firms to move into the digital advice space, according to abrdn, and changes under Quality of Advice Review this week won’t yet lead to real progress.
One of Australia’s leading providers of digital advice solutions has entered voluntary administration.
A new industry association founded by four digital advice providers has been initiated to support the Quality of Advice Review (QAR) proposed reforms and serve as a united voice before government.
Four digital financial advice pioneers have formed a consortium to represent the nascent market to the federal government ahead of its response to the Levy review.
SMSF modelling and investment data feed functionality have been added to Advice Intelligence’s WealthMap service. Further building out the platform’s capabilities, the advice fintech continues its drive to make digital SOAs a more attractive services than paper-based documents.