Automated advice firm Ignition Wealth has announced the appointment of Tom Pockett to the Ignition Wealth Advisory Board.
Mr Pockett, who is a non-executive director of Stockland Group and Insurance Australia Group Limited, is the second high calibre director to join Ignition Wealth’s Board following investment banker Peter Meurer’s appointment as Chairman.
Mr Pockett previously served as Finance Director for Woolworths Limited and prior to that he served as Deputy CFO at The Commonwealth Bank Ltd as well as various senior finance roles at Lend Lease Corporation Ltd.
Mr Pockett will bring strong operational and strategic experience. “I look forward to joining Ignition Wealth as it expands the reach of traditional financial advice,” said Mr Pockett.
Mark Fordree, Ignition Wealth CEO, welcomed Mr Pockett to Ignition Wealth and said, “The outstanding quality of the financial industry leaders joining the Ignition Wealth team is a reflection of the excellence of the product we are bringing to market.”
Ignition Wealth’s online advice service, which will be launched later this year, allows customers to automatically implement their recommended portfolios and also provides an avenue to access traditional facetoface advice. It was recognized as the best roboadvice service at September’s inaugural Afiniation fintech Showcase.
The company already has long-term relationships with a number of large super funds, which whitelabel the same technology to produce financial calculators, illustrators and advice tools. The roboadvice market is growing rapidly and is forecast to reach $US5 trillion in assets over the next decade according to a recent report by Citi.
