Robo Advice for your Wealth Management
Robo advice or digital advice is ideally suited for long-term wealth management needs.
Our robo advice = Personal financial advice + Managing funds on your behalf
Ultimate goal of a robo-adviser
To deliver the best possible long-term returns after fees, consistent with the client's risk profile.
This goal aligns with what a typical client wants — "What is the return I might enjoy in the long term for the portfolio risk I am advised to take?".
Robo-advice is all about — "How well is the firm providing personalised investment management and finance advice service to the client digitally?"
Your money is not managed by robots
No robots work at QuietGrowth! Experts design the algorithms to provide personal financial advice, and construct investment portfolios.
Software is leveraged to democratise investment management and financial advice by automating many processes, and by building interactive interfaces to engage clients at scale.
You get personal financial advice
We categorise a firm as a robo advisor if it provides digital investment management service including personal financial advice. More info 1
More info 2
We note that no Australian regulation explicitly prohibits a firm offering 'general financial advice' but not 'personal financial advice' from being called a robo adviser. However, we at QuietGrowth consider it prudent not to use the term 'robo adviser' for a firm that offers only 'general financial advice' digitally.
Robo advice, digital advice and automated advice are the same. More info
You get discretionary investment management
We manage the funds that we invest on your behalf. We do it through the Managed Discretionary Account (MDA) we set up for you.
About robo advice in MoneySmart
The MoneySmart website is run by the Australian regulator ASIC.