SelfWealth has been shortlisted as a finalist for the Fintech Business of the Year at the 2017 Optus My Business Awards, the premier event of the year for SMEs. This is the second year SelfWealth have been shortlisted for this award after taking out the title in 2016.
Greater interest in small-cap stocks, but will it continue? The earnings seasons has just concluded, the Australian dollar is on the way up, and investors are still trying to get their heads around what could be one of the most tumultuous foreign affairs environments in decades.
SelfWealth, winners of Software Innovation at the Australian Business Awards second year running. SelfWealth Ltd has been recognised as an ABA100 Winner in The Australian Business Awards 2017 for Software Innovation. The Awards, now in their twelfth year, are an annual all-encompassing awards program which recognises organisations that demonstrate the core values of business innovation, product innovation, technological achievement and employee engagement via a set of comprehensive award categories.
Flat fees for stockbroking trades is a key attraction at a website that allows investors to anonymously track other investors within their community. Andrew Ward has a mantra. "I like to say that our flat fee gets people in the door, but SelfWealth makes them stay."
SelfWealth Premium and TRADING - new features.
SelfWealth have taken out Excellence in Asset Management & Trading at the FinTech Australia inaugural Finnies 2017 awards night in Sydney.
The latest release of SelfWealth include some exciting features for both TRADING and SelfWealth Premium Members.
Online investment platform SelfWealth will allow its members greater accessibility to trade the ASX with the launch of its trading app this week. The trading app would allow SelfWealth members to buy and sell shares on the go, conduct stock research and monitor their investment portfolios in real time, the company said.
Software provider BGL Corporate Solutions has integrated with an investor trading platform which will provide BGL users with access to the platform and portfolio construction tools. BGL managing director Ron Lesh says the integration with SelfWealth will provide accountants with access to the SelfWealth trading platform, portfolio construction tools and stock research through Thomson Reuters. Accountants will also be able to extend these services to their clients.
"Time is money", counselled Benjamin Franklin in his essay Advice to a Young Tradesman, published in 1748. Franklin, who died in 1790, bequeathed the princely sum of £1000 to the cities of Philadelphia and Boston. The first vesting occurred 100 years later, and the trust had to be closed after 200 years. Once you’ve read Michael Lewis’ Flash Boys, however, strategies lasting two centuries seem ridiculous. Flash Boys, published in 2014, plots the rise of trading algorithms, front-running and dark pools, with decisions measured in thousandths of a second.
Accountants have long provided both accounting expertise and investment advice to Self Managed Super Funds, but that era will come to an end on June 30, 2018. That’s when the “accountant’s exemption” to the 2016 financial advice licensing reforms expires. From then on, it will be illegal for accountants to advise their clients on investment decisions unless they hold a licence in their own right. As a result, accountants are now grappling with how to retain the business of setting up, structuring and maintaining their clients’ SMSFs while not saying anything that looks, sounds or smells like advice. Andrew Ward, managing director of online platform SelfWealth, believes his “social network for investors and trading solution” solves the problem.
Humans tend to overcomplicate things. Like investment. Growing your money is pretty simple, as Vanguard founder Jack Bogle famously demonstrated in the 1970s: if you want to earn yourself a decent return, invest in a fund that reflects the market as a whole over a long period of time. Now we take for granted that a diversified portfolio will outperform most managed funds. Unfortunately, many people still think of investment as too complex.
The SelfWealth 200 (SW200), calculated by FTSE Russell, is an index of the top 200 holdings by weighting from the top 200 SelfWealth portfolios, rebalanced quarterly. This index outperformed the ASX200 in the 2015-16 financial year by 14.13%.
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SelfWealth provides a suite of benchmarking tools so you can compare your own portfolio to other investors in the Community based on performance, SafetyRating and WealthCheck Scores. Each SelfWealth member has an alias, so any shared information is anonymous.
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