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An ideological war is threatening to erupt over how to reform Australia's $2.6 trillion superannuation system. It follows the release of a draft report from the Productivity Commission which said poor returns and fees across multiple accounts had made the system an "unlucky lottery" for many millions of savers.
Australian millennials are dominating when it comes to using robo-advice to get ahead with their money, according to the latest Robo-advice Report from Investment Trends. Robo-advice funds such as Stockspot tend to have lower fees than traditional managed funds because the investment advice given to clients is automated.
AMP's disastrous foray in front of the banking Royal Commission - including admissions it had misled customers and the regulator - is likely to have lasting effects for the battling wealth manager. Chris Brycki, the founder of online investment platform Stockspot, said it is "pretty clear"the business models of AMP and the big banks is not really always about advice.
Sharp share price falls among many of the nation’s biggest and most popular retail companies have left investors wondering whether to stay, sell or seek other opportunities. Stockspot founder Chris Brycki said many of our big retailers had been caught out “like kangaroos in the headlights”.
The findings of ASIC’s review into vertical integration demonstrate the need for “clear delineation” between manufacturers of financial products and those that recommend them, according to robo-advice firm Stockspot. A report released by ASIC found 68 per cent of client funds across the licensees owned by AMP, ANZ, Commonwealth Bank, NAB, and Westpac were invested in in-house products.
As Bitcoin's price stabilises after a horrific mid-week collapse saw the cryptocurrency lose up to 50 percent of its peak value, many investors are wondering whether digital currencies make for a legitimate investment. To debate the issue, cryptocurrency investor and advisor Ian Balina and CEO of online investment platform Stockspot Chris Brycki appeared on the Weekend TODAY show to battle it out.
There is evidence that millennials relying on the stock market to build wealth, rather than buying a home, are getting nervous about a market correction. But share investing is still a better way to build a deposit for a home, or alternative way to create wealth, even when markets fall. For most people it's a fantastic opportunity if markets fall because it will give them the ability to buy more at lower prices.
Australian financial services company IOOF is in the process of taking control of ANZ’s $47 billion worth of pensions and investments, including products widely regarded as the biggest duds on the market. Stockspot, which publishes the Fat Cat Funds Report, recently named ANZ as the fattest fund manager in the nation — for the fourth year running. Stockspot founder Chris Brycki is particularly critical of ANZ’s OnePath range.
Some of the millennial generation – now hitting their mid 30s – will soon take over senior roles, or even the CEO or CFO’s seat, at major companies. This generation will make a stand when it comes to issues such as climate change, poverty and social justice.
Investing isn’t exactly a riveting topic of conversation and it can be confusing, but it does has the potential to change your life financially. Of course, the first thing that usually comes to mind with investment is property, and we all know the challenges at the moment, so let’s talk about some alternatives that aren’t insanely complicated.
Union-backed industry super funds, which have run major promotional campaigns on the back of superior performance and lower fees, will be severely tested under new disclosure rules, an industry survey suggests. The research, from roboadviser Stockspot, suggests new fee disclosure rules will effectively rerate many funds.
Millennials could be losing more than a quarter of their super balance to fees if they haven’t chosen their super fund correctly, revealed the 2017 Stockspot Fat Cat Funds report. The report reviews over 4,000 super funds’ performance, and uncovered an “undeniable link between high-fees and poor long-term performance.”
A new report warns many superannuation funds are failing to deliver enough returns for investors. Stockspot CEO Chris Brycki explains the findings to The Today Show.
The latest annual report on 'fat cat' superannuation and managed funds by online investment platform, Stockspot, shows an 18 per cent fall in the number of poor-value funds from last year. However, funds owned by the big banks and AMP continue to dominate the ranks of the fat cats with high fees and poor performance; though NAB has fallen out of the top-five owners of the worst-value funds this year.
For many cultures, having children stay at home is the norm. But many parents do want their children to leave home, despite fears they can’t, or won’t. A recent Galaxy survey done for Stockspot found 74 per cent of parents with children aged under 17 feared they would never leave home and 85 per cent were worried their children wouldn’t be able to afford their own home.
There are significant prospects for SMSF accountants that choose to embrace robo-advice for their clients as well as financial technology, or fintech, more broadly.
The striking of 'product manager' off the skilled visa list by this year's Government crackdown has hurt many promising young businesses, the The Australian Financial Review Innovation Summit 2017 has been told.
Rajeev Gupta knows about startups and what’s needed to attract funding for them. Now he’s a partner at Alium Capital, a technology-focused crossover investment fund looking after sophisticated investors wanting to get in on smaller, high potential projects overlooked by the big players.
It seems counter-intuitive but unlike most endeavours in life the less work someone actually puts into investing, the better they do. At least that's the conclusion drawn by Chris Brycki, the chief executive of Stockspot, an online investment adviser.
A former captain of the Australian rugby union team has joined robo-advisor fintech Stockspot. Stirling Mortlock, who played 80 test matches for the Wallabies, will lead Stockspot’s partnership program that targets accountants and human advisors.
finder.com.au Money Podcast #30 - The finder.com.au team chats to Chris Brycki from Stockspot about the process of investing in ETFs and shares.
The fourth industrial revolution is underway and it's threatening to wipe out nearly half the jobs in Australia. But what industries are most under threat?
Stockspot’s annual review of exchange traded funds looked at over 150 funds with $27 billion invested, revealing which ones stand out from the crowd.
As owning their own home is increasingly a pipe dream for many young Australians, savvy millennials are turning to the share market in record numbers.
Investors who put their money in small exchange traded funds that lack sufficient market liquidity could receive less than market value when they want to sell, according to Chris Brycki, the CEO of roboadviser Stockspot.
THE “bank of Mum and Dad” is at risk of going broke as cash-strapped parents struggle to help their kids get a foot on the property ladder. The survey by Galaxy Research for digital investment adviser, Stockspot, reveals Queensland families are under more financial pressure than other states, with over a quarter of the state’s parents admitting they could not afford to lend their children a cent to buy their first home.
The majority of Australian parents with children aged under 17 said they feared their children would live at home well into their adulthood. The survey, conducted by Galaxy for digital investment adviser Stockspot, showed 9 in 10 parents (94 per cent) were concerned about their children’s future financial independence.
As property prices in capital cities particularly Sydney and Melbourne continue to soar and returns on cash in the bank remain around two per cent, many savers have had to look at alternative ways to grow their money.
Pioneering robo advice investment platform Stockspot is hoping to strengthen its position in the market after securing $3 million in a funding round led by ETF Securities founder Graham Tuckwell and Alium Capital.
Exchange traded funds pioneer and Rich Lister Graham Tuckwell has led a $3 million capital raising for Stockspot. Mr Tuckwell, who runs ETF Securities, led the Series B raising with growth investor Alium Capital, with participation from fellow Rich Lister and trading entrepreneur Danny Bhandari and existing shareholders H2 Ventures.
The potential of fintech to create competition, innovation and jobs for a 21st century Australian economy is huge and worth being involved in. Here's the top three ingredients to drive Australian fintech forward in 2017.
Our Founder and CEO, Chris Brycki, shares his most valuable lessons from two decades of investing.
Owning property may be out of reach for many young Australians, but now there's new evidence that millennials are taking matters into their own hands, choosing share ownership over home ownership.
How to entertain yourself smarter and what to watch, listen to and read to get you started on being a better investor.
The big four banks and AMP charging customers for advice they didn’t receive isn’t just a case of a few bad apples.
Michael Pascoe explains why despite all those hours questioning the big four banks, the politicans still missed plenty.
Business Insider’s Tech 100 is a comprehensive list of Australia’s leading technology figures. This year's list of top 100 startup CEOs, entrepreneurs, industry leaders and venture capitalists includes Stockspot CEO Chris Brycki.
Why the banking review is a 'get out of gaol free' card for the banks and a Royal Commission is needed.
Stockspot CEO Chris Brycki on The Today Show discussing the findings of the 2016 Fat Cat Funds Report.
The big four banks have been accused in a new report of ripping off retirees with exorbitant superannuation fees, with funds offered by the big banks named among the six worst performers.
The annual study by online investment platform Stockspot suggests super funds and managed funds owned by the big four banks and AMP have seriously underperformed their peers over one, three and five years.
Interest rates are at record lows and economic growth may be constrained, but there are still some investments that pay above the odds without taking silly risks.
Robo-adviser Stockspot has announced it will launch a Partners Programme, which will allow financial professionals to use its services for their clients.
Robo or real-life financial advice – which adviser is better for your money? We take the debate to two experts to weigh up the pros and cons of each.
Australian big banks are hypocrites to demand Apple give them access to cardless payments when the banks won’t do the same for fintechs in Australia, says Chris Brycki, founder and CEO of Stockspot.
Your superannuation fund manager probably already uses computers to chart share price movements or compute formulas to produce “buy” or “sell” signals on their current investment portfolio. So it was only a matter of time that computer investing would be extended to individual investors and not just big fund managers.
Local automated investment adviser and fund manager Stockspot has announced a move into artificial intelligence and machine learning, launching what it says is Australia’s first digital financial assistant.
Kate Donnelly has tens of thousands of dollars saved. The problem is the money is held in an online saver and a bank account earning next to nothing. It's a dilemma faced by many - how to earn higher returns without taking risks.
The two major parties in Australian politics have been left scratching their heads over what it is the people want. If the result shows anything, it’s that the people want their government to listen and stop putting the interests of big corporations before the benefit of the general population.
Reducing management and advice fees would not only encourage more Australians to invest, but also help beginner investors grow their money faster. Speaking about the fintech’s decision to lower its client fees, Stockspot founder and chief executive Chris Brycki said fairer price structures, whereby clients could share the benefits of the provider’s success, would help attract more investors.
Robo-adviser Stockspot is calling on ASIC to apply the same rules to both face-to-face and automated advice, saying it has come across several "rogue" providers in the industry. In a submission to ASIC's consultation paper on regulating robo-advice, Stockspot chief executive Chris Brycki said it is important that several of the existing guidelines for human advisers also apply to digital providers.
We’ve all heard of the phrase playing the stock market, but unless you’re a broker you’re better off to leave it to those who know best. According to Founder and CEO of Stockspot Chris Brycki many frustrated savers trying to crack into the property market look to index funds as a way of growing their wealth.
Would you trust a robot with your money? That's the latest way to invest without paying high fees to a financial planner. It's called Robo-Advice and experts say it's the way of the future.
In its latest Australian ETF report, Stockspot has found that the fasted growing exchange traded fund (ETF) market was the fixed income and cash sector which overtook Australian shares strategies.
A new breed of investment service provider is tapping into a younger client base often neglected by more traditional financial services companies focused on the lucrative baby boomer market. Stockspot’s chief marketing officer, Larry Lee, says financial services companies are lagging behind other industries when it comes to servicing the under-50s.
A dearth of ideas and entrepreneurs, rather than capital, is the main barrier to innovation in Australia. Chris Brycki, chief executive of online investment adviser Stockspot, said high salaries and the low number of job losses in the financial services sector after the global financial crisis meant that few people were prepared to leave their employers and take the risk of starting a business.
SMSF members are increasingly turning to robo advice to help them select the right assets for their fund. Chris Brycki, founder and chief executive of one of the first Australian robo advisers, Stockspot, says the next generation of robo advice will allow for even greater personalisation, while still being convenient and cost-effective.
The Australian Securities and Investments Commission (ASIC) unveiled a draft regulatory guide for a growing number of companies providing robo advice based on algorithms and technology. The leading robo adviser in the Australian market is Stockspot, founded in 2013 by former UBS portfolio manager Chris Brycki.
Stockspot has launched the world’s first automated service that allows investors to calibrate and personalise their portfolios. The service has developed complex algorithms that analyse client investment goals and risk tolerance to determine how much of the portfolio can be allocated to their chosen investment themes.
The stock market is a bit like the ocean – to outsiders, it’s mysterious, unpredictable and hella deep, but it can be navigated. If you’re looking for a helping hand, a good place to start is Stockspot, as they’ll diversify your investment in a fund that matches your desired outcome.
The market share held by digital financial sector insurgents is modest but growing rapidly, with fintech start-up firms dramatically reshaping a financial industry that has long been beset by complacency and high costs.
Small investor activity in exchange traded funds (ETFs) indicates they are committing one of investing's cardinal sins, with Stockspot CEO Chris Brycki urging small investors not to make rash decisions based on past performance.
The impact of high super fees for the average 30 year old and the importance of hunting around for the best deal.
How Stockspot is using technology to help clients like Julian build their wealth.
Australia's leading consumer advocacy group CHOICE looks at the findings from the 2015 Stockspot Fat Cat Funds Report and how fees are taking the fitness out of fund performance.
Australians are being apathetic when it comes to their superannuation, even though we’re forking out $30 billion in fees each year according to the 2015 Stockspot Fat Cat Funds Report.
Stockspot CEO Chris Brycki speaks with ABC NewsRadio's Cathy Bell on the findings of the 2015 Fat Cat Funds Report and how Australians could be losing up to a quarter of their retirement savings in fees.
Stockspot's annual Fat Cat Funds Report has found that the average 30 year old can expect to lose one quarter of his or her retirement savings in fees if he or she has the misfortune to be invested in a high-fee super fund.
Australian Securities and Investments Commission (ASIC) chairman believes robo-advice services like Stockspot can help slash investment costs and eliminate conflicts of interest.
Financial technology companies like Stockspot are taking on the big banks to give consumers a better deal, from EFTPOS to your superannuation.
Robo-advice is becoming mainstream in Australia, with Stockspot working with people who have as little as $2000 to invest.
The recent boom in fintech innovation has the potential to attract both good and bad operators coming into the market, and there is a need for the industry and media to scrutinise new robo-advice and automated investment services to protect consumers.
Fintech is beginning to disrupt the financial world as we know it, with Australia more focused than ever on technological innovation.
Stockspot CEO, Chris Brycki, speaks with DealStreetAsia on financial technology and automated investing during the 2015 World Capital Markets Symposium in Malaysia.
Ten of Australia's most promising fintech companies including Stockspot will be flown to London next month by the British government, which is trying to lure start-ups to the UK as the global war for innovation talent heats up.
The public’s plummeting trust for the big banks is paving the way for Australia's top financial technology businesses to redesign financial services.
Our CEO, Chris Brycki, speaks with ABC's Andrew Robertson on whether property is still a good investment in the current environment.
Innovation in the wealth management sector should resemble simplified products and processes in order to satisfy the client of the future.
While DIY investors can see the advantages of ETFs, it can be difficult to see how to construct a portfolio from them. A new type of service like Stockspot helps recommend a portfolio of ETFs to match the investor's profile.
Stockspot, a robo-adviser seeking to disrupt wealth managers by offering a low-cost, automated financial advice process, has completed a capital raising and welcomed onto its register the Berlin-based start-up investor Rocket Internet, and H2 Ventures.
Stockspot, Australia’s first automated investment adviser and fund manager, today announces that it has raised an additional $1.25 million as it continues to expand its business.
Saving outside superannuation has never sounded so easy, but Sydney-based Stockspot was first to offer model ETF portfolios direct to consumers in this market a year ago.
People with less than $500,000 to invest find it difficult to find a financial planner, so there’s a big opportunity for start-ups like Stockspot to automate parts of the advice supply chain and make it affordable for middle-class Australians.
Australian investment advice start-up Stockspot is now offering its services free for the first 12 months to smaller balance clients.
Following the release of the landmark financial system inquiry report in early December, a new breed of players in Australia like Stockspot will be encouraged by government and regulators to help enhance competition.
Stockspot named in the world’s best 50 fintech innovators, which has been prepared in conjunction with the FSC and KPMG. It ranks global disruptors based on quantitative and qualitative filers.
Drenched as we are in sleek advertising and investment tips from media and myriad money managers, it is not too often that we see frank and fearless research about our savings and super. We depart from all that gumph today to bring you some useful stuff about the superannuation gravy train, information that might save you a lot of money. It hails from the inaugural Fat Cat Funds Report...
Financial advice has a 58 per cent chance of being replaced by artificial intelligence, according to Oxford University. Artificially intelligent ‘‘robo-advisers’’ seem to offer a good alternative to dodgy humans by taking away the burden of thinking about what to invest in. #roboadvice
A growing numbers of financial technology start-ups are targeting the big banks where they are weak: customer experience.
An expert panel comprised of Westpac’s Head of Digital Strategy Angelo Demasi, MOGO+ CEO Andrew Clouston, Chris Brycki, Founder and CEO from Stockspot.com.au, and Society One CEO Matt Symons, discuss banking disruption.
Financial advice can be a complex beast for even the most seasoned wolf of wall street, and one Aussie startup, described as Australia's first cloud based investment adviser, is here to help.
Stockspot makes the Top 25 Hottest Fintech Startups from around the globe.
When it comes to investing you're often your own worst enemy. Research shows people have a tendency to act irrationally when investing, behaviour that can lead to disastrous results. And it's critical to understand the causes of these biases if you want to avoid being burned.
Stockspot has today announced the launch of a new online widget which allows investors to compare Australia’s booming $12.4 billion exchange-traded fund (ETF) market.
Unlike many advisers that are incentivised to sell their company’s investment products, Stockspot does not earn money from product providers, believing it is a big conflict of interest.
Boring ETFs typically contain lower risk, lower fees and are more likely to generate stronger returns over the long term.
While platform fees are decreasing slightly due to competitive pressure and regulatory changes, they are still unjustifiably high.
Stockspot takes out second place at Sydstart.
Your superannuation statement is due in the mail imminently but if you’re like most people, chances are you barely give it a second thought. That decision could cost you hundreds of thousands of dollars on retirement.
Forget paying thousands of dollars in fees and trailing commissions, online financial adviser Stockspot wants to disrupt the cosy world of wealth management.
In this webisode, we chat with Chris Brycki, founder of stockspot.com.au about democratising investing as well as the innovation in financial tech that is disrupting the big banks' dominance.
In a fast-changing world, human ineptitude could soon take a back seat.
Most fund managers under perform after fees are taken into account. Investors should pay careful attention to just how ‘active’ the fund is and after-tax returns.
Why Australian investors need access to low fee, diversified portfolios.
Why tech disruptors are ready to undermine banks.
Financial services disruption and what it means for financial advice in Australia.
Stockspot founder Chris Brycki talks super and savings at the start of the financial year.
Fees charged by your super fund are the most important consideration.
Stockspot has been selected as Asia’s most innovative new financial technology start-up.
Sydney-based financial technology startup Stockspot is hoping to become the second Australian company in two years to be named a finalist at the SWIFT Innotribe Startup Challenge.
Asia’s first paperless investment adviser and fund manager Stockspot today announced that it has been selected to represent Australia at the SWIFT Innotribe Startup Challenge in Singapore.
Online investment adviser and fund manager Stockspot today announced that it has secured AU$250,000 of seed funding from AWI Ventures to support its growth strategy.
Online exchange-traded fund (ETF) portfolio manager Stockspot has launched its ETF model portfolios. Stockspot is currently open to those who registered for an early invitation.
Financial advice will become commoditised and moved online as a result of the demand for low-cost investment and advice provided by technology-driven service providers.
The current financial advice model is 20 years out of date, with the recently announced amendments to the Future of Financial Advice (FOFA) legislation representing a step backwards for consumers of financial advice, according to Chris Brycki, founder of Stockspot, an online exchange traded funds portfolio manager.
Almost half the investment returns made by Australian savers over the past five years has gone on management fees.
'Brycki is a prospective rival to be sure, a parvenu on the discount funds scene keen to make the impact of an ''Aussie'' John Symonds.'
Stockspot is launching five ETF model portfolios in early 2014. The direct ownership structure will improve flexibility for investors and reduce costs.
Stockspot has launched exchange-traded fund (ETF) performance tables and a proprietary ETF rating system in response to the difficulties advisers and investors have in directly comparing ASX-listed ETFs.
A former UBS portfolio manager has criticised active funds management fees as akin to paying for a meal in a restaurant and then having to pay extra for making a reservation, using the services of a waiter or paying for a third party review in the local newspaper.
New online entrant Stockspot is preparing to release model portfolios based on exchange-traded funds (ETF) for retail investors and self-managed superannuation funds (SMSF) in the coming months. Stockspot founder Chris Brycki said the growth and accessibility of ETFs had opened up an opportunity for the business to step into the sector and provide Australians with a better way to invest.
Chris highlights some of the issues facing Australian investors and Self Managed Super, explains asset allocation and portfolio construction, looks into the performance of active managed funds and discusses the focus of Stockspot.