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Ignition Wealth signs first stockbroking deal

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Automated advice provider Ignition Wealth has entered into a deal to provide robo-advice services to APP Securities.

APP Securities has agreed to a "mobile first" digital advice solution that will see Ignition Wealth provide automated advice to the stockbroker's clients.

The service will give APP's clients the ability to ​"complete​ ​their​ ​risk​ ​assessment,​ ​accept a​ ​diversified portfolio, ​fund, invest, execute trades, ​monitor, ​rebalance ​and maintain contact with ​their​ ​broker​ ​through secure online messaging", Ignition Wealth said in a statement.

"Clients​ ​who ​​require traditional financial ​​advice ​​(outside of share ​trading) will ​be able ​to access​ ​the Ignition Wealth ​advice ​team,​ ​complementing​ general advice and allowing them​ ​to broaden their​ ​offer," said the statement.

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APP Securities chief executive Sangeeta Venkatesan said, "Embracing ​digital financial advice ​​will ​allow us ​to ​provide ​our clients with the latest in​ ​financial technology and ​complements our existing ​​broking business.

"We are delighted ​​to provide a ​solution​ ​that​ ​can​ ​be ​tailored to each of​ ​our clients’ ​needs, enabling our brokers to maintain and ​grow​ ​the strong ​relationships they have ​with clients."

Ignition Wealth head of sale and marketing Richard Liverpool said the robo-adviser is "​delighted ​​to enter ​​the ​​stockbroking market​ ​in Australia by providing digital financial advice to APP Securities".