MenuAcorns did not respond or engage with the survey request. Apparently Harry Markowitz helps construct the portfolios according to their website. This is a series of 6 ETF portfolios that can be accessed with small regular amounts starting at $5.
[fpa_cta_button url=”https://www.acornsau.com.au/” theme=”orange” target=”_blank”]Visit website[/fpa_cta_button]
| End User | Clients |
| Advice Process Steps | Implementing |
| Benefits | Access to and education about investing |
| Cost per user per annum | Fee based at $1.25 a month for portfolios under $5000 and 0.275% for accounts over this amount |
| Time saving per client | Not applicable |
| Cost saving per client | Not applicable |
| Integration | Unknown |
| Website embedding | Not applicable |
| White labelled | Not applicable |
| System prerequisite | Unknown |
| Single sign on | Not applicable |
| Data storage | Not specified |
| Privacy standards | Not specified |
| Limits on use | Some limits on daily deposits and some delays in accessing money |
| Disaster recovery and business continuity plans | Not specified |
| AFSL approval | Not specified |
