Infocus Wealth Management has said it will launch a new direct-to-consumer offering incorporating the Morningstar Wealth Forecasting Engine and investment management services from Ibbotson Associates Australia.
Due to launch in May, the company's Wealth Forecasting Engine projects an investor's future wealth and provides savings rate, retirement age and asset allocation recommendations for all life stages.
“This initiative is a continuation of our innovative approach, delivering financial advice that helps improve the lives of Australians from all walks of life. In addition to outcomes from consumer-driven inputs that can be provided anywhere, anytime, Infocus’ direct advice solution will be part of our overall offer supporting consumers seeking financial advice. Our direct advice solution will reduce barriers to taking action, delivering the freedom of a better financial life with just a few clicks,” Infocus managing director Rod Bristow said.
Bristow said the engine works based on user inputs, and enables clients to choose to manage their own investments or seek out advisers.
"This not only gives clients flexibility about how they want to engage with financial advice, it also means Infocus advisers will benefit from direct consumers who may also need more personalised financial advice at some point in the future,” Bristow said.
A leading wealth manager has announced a new direct-to-consumer solution to launch in May.