By Moriah Costa on 24th July 2017
Ignition Wealth to offer its B2B services with European expansion.
Australian robo-adviser Ignition Wealth announced two appointments Monday as it sets its sights on a European expansion.
The firm is offering its B2B service in Ireland and has appointed former senior executive at the Central Bank of Ireland, Peter Oakes, to its executive team as a member of the advisory board.
“We see a strong match between our technology and capabilities and the Irish wealth demographic. Ireland has a small but concentrated population which is a great opportunity for us,” said Mark Fordree, CEO of Ignition Wealth.
The company also appointed Crowe Horwath to raise capital for the Irish business and plans to appoint a head of Ireland in August. Although the firm is focusing on Ireland, it’s looking for opportunities to expand into Europe as well as its “technology stack is both [multilingual] and multicurrency,” the company said in a press release.
Ignition Wealth offers robo-advice technology to advisors, superfunds, accountants, and others since it was founded in 2008.
“Technology will start an investor’s advice journey but often there is a pivot point where they need or want human advice. We believe that hybrid gives the consumer the best of both worlds,” Fordree said.
This article was originally published on www.roboadvicenews.com.