David Storm

In a market first, Spitfire will go to market with no tiered administration fees on Spitfire’s new IDPS product.

Spitfire Corporation is an innovative technology firm providing a contemporary total wealth and digital platform for the financial services industry.

Spitfire’s new rate card, introducing a flat dollar account keeping fee of $495.00 per annum, will be launched simultaneously with its new IDPS platform in April.

In commenting on the new IDPS product David Storm, Head of Distribution for Spitfire, said “Spitfire is ideally positioned to create ‘clean products’, unencumbered by conflicted, legacy financial arrangements that are not in client’s best interest.”

David Storm also notes “we find advisers are increasingly looking for a Platform solution that enables them to create a customised managed account solution across any asset, in any market. Our internal trading desk facilitates an ‘end-to-end’ user experience across global markets with live execution.”

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David Storm

Australia’s newest bank, Volt Bank (Volt), and wealth management platform, Spitfire, have formed a technology alliance that will set a new standard for banking and wealth management integration.

Under the agreement, the Spitfire platform will manage Volt’s soon to be launched deposit products, further cementing its position as a ‘one stop shop’ for investors seeking the full gamut of asset options.

Customers who bank with Volt and manage their investments with Spitfire will have the ability to view and trade all their assets via a single portal, creating a seamless experience. This includes viewing and trading global assets, connecting Australian investors to an array of offshore yield options in real-time.

Volt Co-founder and CEO, Steve Weston said: “Spitfire and Volt share an ambition to improve their customers’ lives through technology. This partnership will contribute to a seamless and transparent investment experience and better connect Australians to international opportunities.”

“Volt isn’t constrained by legacy systems that have stifled innovation at incumbent banks and as we approach our customer launch, partnerships like this help us show Australians there is a better way to manage their money and achieve their financial goals,” he continued.

Spitfire was established in 2015 as a multi-asset, multi-currency investment platform across equities, managed accounts, managed funds, fixed income, and unlisted assets.

Head of Distribution at Spitfire, David Storm said: “Spitfire is changing the game in wealth management, and our cloud native platform will deliver unmatched transparency, flexibility and functionality to Volt’s customers in a secure environment.”

“This partnership is a tremendous step in bringing wealth management into the 21st Century, and in allowing planners and advisors to act in the best interests of their customers,” he continued.

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