As Six Park exits, Mirae backs Stockspot
Barely a fortnight after robo advice outfit, Six Park called its quits for wont of new investors, competitor robo adviser, Stockspot has received a strategic investment from Mirae Asset Global Investments.
Stockspot and Mirae announced the transaction yesterday stating the transaction would provide significant capital ensure Stockspot continued to accelerate its investment advice and financial services business.
Commenting on the transaction, Stockspot chief executive, Chris Brycki said the firm was thrilled to partner with Mirae and that the investment represented a validation of the firm’s vision to make investment advice accessible to all Australians.
He said the investment would ensure the firm is further able to grow by enhancing its technology, expanding its team of experts, and continuing to develop innovative products.
Just a fortnight ago, Six Park chief executive, Pat Garrett issued a statement announcing the effective closure of the business and attributing the move to an inability to access suitable funding.
FoFA was almost sensible and easily tolerable compared to the 12 years after that. Especially the Frydenberg Kill Advisers 9…
If you've got a Target to increase FUM and a home mortgage and a pregnant partner and you're supervising 20…
Like it would ever happen. The ‘qualified’ advisers will be handling everything and told to keep it all ‘in-house’. The…
It’s a good start but does not go far enough ! The collective charging is certainly an issue that needs…
"Superannuation funds would have a duty to refer members to financial advisers for more complex financial advice when necessary" Rewad…