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.
|End User||Consumers and Advisers|
|Advice Process Steps||Goal
|Benefits||Assisting with investment selection, forecasting and education|
|Cost per user per annum||$500-$999|
|Time saving per client||1-3 hours per client|
|Cost saving per client||Assessed at $3000 per client|
|Single sign on||Yes|
|Data storage||AWS servers|
|Privacy standards||Australian privacy requirements|
|Limits on use||No|
|Disaster recovery and business continuity plans||Yes|
|AFSL approval||None at time of writing|