An Aussie fintech startup is helping financial advisers fight back in the war against robots
It’s not exactly bleak, but the future for financial advisers – humans ones – is a littler cloudier now than it has been in the past. Cheap roboadvice products are infiltrating the market, offering easy-to-use products, advice and even investing money on a user’s behalf. The key word is “cheap”, as the traditional perception of having a financial adviser is linked to earning a higher than average wage. With more and more people responsible for managing their own retirement funds, roboadvisers give lower wage earners some sense of security about what to do with their savings. But recent studies show roboadvisors are also gaining popularity with high-net-worth investors. They’re not […]
Money for nothing, cheques for free in the sharing economy
THE bank of mum and dad is receiving a welcome cash injection as a growing number of households put a price on the things they previously gave away for free. More households are renting out a spare room, car sharing, selling goods and services and even lending to each other as the “sharing economy’’ expands, research shows. According to polling by RateSetter, some households are earning up to $120 a month. On the downside, however, all those people who benefited from the “free economy” are now having to wait their turn, or pay for it. Free rides, spare rooms, and even the kids’ old books and toys are increasingly thin […]
