Financial Newswire: Stockspot welcomes first-ever super product
Digital investment platform and robo advisory firm Stockspot has launched its first-ever ‘ETF-only’ superannuation product, co-built with wealthtech developer DASH.
Christened ‘Stockspot Super’, the new product – first announced in May this year – promises a “transparent… flexible, low-cost” and less complex alternative to a self-managed super fund, says Stockspot founder and chief executive Chris Brycki.
“Stockspot Super is designed to empower Australians with a clear and easy-to-understand path to grow their retirement savings,” he said.
Uniquely, the vehicle invests exclusively in exchange traded funds (ETFs).
These investments, according to Stockspot, are tailored based on each member’s age and risk capacity, and valued on each market day.
Stockspot Super is offered as a managed discretionary account (MDA) service under DASH’s personal superannuation accounts platform Super Simplifier, which promises greater client customisation of investment strategies backed by adviser guidance.
Click here to read the full article.