Robo-Adviser Ignition Wealth signs up Retirement Planning Association Australasia

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Ignition Wealth has signed an agreement with the Retirement Planning Association of Australasia (RPAA).

More than 23,000 RPAA members will now be able to access Ignition’s online investment advice platform, which provides a full suite of investment advice tools and educational material.

It marks the first major distribution agreement for Ignition, which earlier this year became the first automated advice firm to be granted an AFSL license.

“We identify with the goals of the RPAA and under our agreement their 23,000 members will gain access to independent, transparent and low-cost financial advice,” said Ignition Wealth chief executive Mark Fordree.

Ignition is rapidly expanding ahead of its planned launch in September and recently appointed former Mercer executive Mark Clayton as head of investment and experienced marketer Sally Humphris as business development manager.

The company’s white-labelled online and mobile financial calculators, illustrators and advice tools are already used by a number of major industry funds to engage with members.