Infocus Wealth plans to roll out direct-to-consumer financial advice solution
Infocus Wealth Management has unveiled plans to launch a new direct-to-consumer robo-advice solution in May 2016.
Australia-based Infocus Wealth Management has unveiled plans to launch a new direct-to-consumer robo-advice solution in May 2016.
The new solution will integrate the Morningstar Wealth Forecasting Engine as well as investment management services from Morningstar’s Ibbotson Associates Australia.
Morningstar’s Wealth Forecasting Engine projects an investor’s future wealth and provides savings rate, retirement age and asset allocation recommendations for all life stages.
It will also help users better understand estimated savings and retirement expenses, including the probability of achieving their goals in different market conditions.
The company in a statement said that the assets invested via the new solution will be invested in separately-managed accounts offered by Ibbotson Associates Australia.
Infocus Wealth Management managing director Rod Bristow said: “In addition to outcomes from consumer-driven inputs that can be provided anywhere, anytime, Infocus’ direct advice solution will be part of our overall offer supporting consumers seeking financial advice. Our direct advice solution will reduce barriers to taking action, delivering the freedom of a better financial life with just a few clicks.
“Clients can then choose to manage their own investments, or seek advice from one of our nearly 200 highly qualified and experienced financial advisers around the country.
“This not only gives clients flexibility about how they want to engage with financial advice, it also means Infocus advisers will benefit from direct consumers who may also need more personalised financial advice at some point in the future,” Bristow added.
Morningstar Australasia CEO Heather Brilliant said: “The deployment of the Wealth Forecasting Engine will enable Infocus’ clients to more clearly formulate their financial and retirement savings goals and determine how they can more effectively work towards achieving them.”