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"AI mania" will over-promise and underdeliver for financial advisers, while superannuation funds are tipped to give digital advice a boost, Finura Group s 2024 predictions reveal.
Aiming to further broaden its service offering HUB24, has acquired tech integration service myprosperity. Offering client/adviser connectivity via portals, the move further solidifies the platform provider’s ambition to create “a single view of wealth”.
The recent collapses of local financial advice startups Creativemass and TIQK indicate that the freewheeling days of venture capital funding is drawing to an end.
Iress wants to become a neutral player in the platform space to help the Xplan Connectivity Network thrive. But this is just one part of a business restructure that will include a 10 per cent reduction in staff with the aim to hire more talent to fill different strategic priorities.