Stockspot eliminates fees for smaller investors
Stockpot, Australia's leading robo-advisor, has made a further fee cut for all its clients. Those with less than AUD50,000 invested will see advice fees eliminated altogether in the company's bid to encourage more Australians to invest. Three-quarters of Stockpot’s clients are first-time investors, with total investments averaging less than AUD50,000.

Sydney, Australia: 5 July 2016

Stockspot, Australia’s leading automated investment adviser and fund manager, ​today announced a further reduction to its fees. The ‘robo-adviser’ has reduced fees for all clients and eliminated advice fees for investment portfolios under $50,000. Robo-advice is the new breed of automated investment services growing in popularity in the US and UK with over US$50 billion in funds under management.

Chris Brycki, Stockpot Founder and CEO said:

“Stockspot is growing and we want to share the benefits of our success by reducing the fees clients pay. We have eliminated the annual advice fee for all clients investing less than $50,000 with less complex advice needs. They will receive the same quality of personalised investment recommendations but we consider lower fees will help them grow their savings faster and encourage more Australians to invest.

“Stockspot was started to give Australians access to professional investment services and advice without the high costs that exclude too many people. If we can attract more people to invest through lower and fairer price structures we’re achieving what we set out to do.”

Stockspot also reported its model portfolios all rose by 1.2% to 2.7% after fees in financial year ending June 2016, outperforming the majority of growth and balanced super funds. Since the company launched in 2014, the robo adviser’s portfolios have beaten the Australian shares index by an average of 2% after fees while also exhibiting lower risk.

Brycki continued:

“Our investment track record continues to outperform the broad share market despite the most turbulent 12 months since the financial crisis. We delivered another year of positive results while many super funds will be down this year. Gold was Stockspot’s best performing asset, rising 15.2% and Australian bonds also performed strongly up 6.6%.

“Three quarters of our clients are first time investors, with an average portfolio of under $50,000. They’ve been locked out of the housing market, they’re ignored by the traditional financial advice industry and for many their super funds are underperforming.

“Stockspot allows them to grow their wealth steadily over time with access to a globally diversified portfolio of thousands of shares and bonds. We believe everyone should be able to receive professional and unbiased financial advice and invest without unfair ongoing fees”.

Stockspot’s fees are low, simple and transparent, there is no added brokerage, establishment fees or administration costs. Investments are never pooled, they always held securely in the client’s own name at the share registry.

For more information on Stockspot, visit: www.stockspot.com.au

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Interviews with Chris Brycki, CEO and Founder of Stockspot, are available upon request. Please contact Lauren Franze on 02 8091 8090 or media@stockspot.com.au

About Stockspot

Stockspot is Australia’s leading Automated investment adviser and fund manager. Stockspot’s experienced team builds and manages professional portfolios tailored to clients’ personal goals, cash-flow needs and risk profile. Clients can start with as little as $2,000 and the service is free for investments under $10,000 for the first six months. Stockspot is helping more Australians manage their money smarter with its transparent, low-fee online investment service.

Stockspot was selected in the 50 Best Fintech Innovators globally by KPMG and named Asia's most innovative new financial technology start-up of 2014. www.stockspot.com.au

Key changes to Stockspot fees: