Financial Simplicity powers SelfWealth’s social network for investors
Financial Simplicity, a collaborative wealth management infrastructure for portfolio businesses, is pleased to announce its association with SelfWealth. SelfWealth is Australia’s first social network for wealth managers and investors: its primary objective is to enable these groups to compare their portfolios with peers and professionals via a low, flat monthly subscription.
Using Financial Simplicity’s wealth management-specific technology structure, investors within the SelfWealth community are able to assess the investment behaviour of like-minded peers. They are able also to evaluate how to match, and replicate, the strategies of the best performers.
Financial Simplicity is the core engine powering rebalancing and portfolio analytics that support investors to trial different wealth building strategies. With the ability to perform these trials in a secure environment, members of the SelfWealth community are able to make informed, fact-based decisions regarding how to invest.
“We are very impressed with the Selfwealth team and its vision. SelfWealth is an excellent example of an innovative firm building next generation wealth management propositions in a period of rapid industry change,“ stated Stuart Holdsworth, Financial Simplicity CEO.
“Financial Simplicity’s powerful technology capabilities and their shared vision to address the evolutionary change in the existing Financial Services model has enabled SelfWealth to successfully deliver an online community for investors. We look forward to further collaboration in the future”, said Andrew Ward, Managing Director of SelfWealth.