At the time of survey this application was still in development with a launch imminent.
The intent according to their website: Mafematica is establishing it’s business and will offer choices of core investment portfolios and share portfolios and will link these portfolios to goals based outcomes.
The portfolios will be easy to see and transact on, and be able to be assessed for
- retirement drawdown forecasting
- education funding plans and
- standard ‘Robo-Advice’ (web-based automation of savings plans).
The portfolios will reflect market sectors, themes, and third-party broker’s choices, and be available initially as direct securities and ETFs.
Later, managed funds will be offered.
Recent winner of a Jobs for NSW government Grant which highlighted Mafematica’s solutions for assisting in forecasts savings (including superannuation), choices of investment portfolios to reach the forecasts, and ability to ‘saving the Government money’ over time.
|End User||Consumers and Advisers|
|Advice Process Steps||Goal Identification
|Cost per user per annum||under $499|
|Time saving per client||More than three hours per client|
|Cost saving per client||$501 – $1000|
|Single sign on||Yes|
|Data storage||3rd party or with planner|
|Limits on use||No|
|Disaster recovery and business continuity plans||Yes|
|AFSL approval||Not applicable|