Stockspot

Stockspot
IndustryFinancial services
Founded2013
FounderChris Brycki
Headquarters
Sydney
,
Australia
Area served
Australia
Websitewww.stockspot.com.au

Stockspot is an Australian online investment adviser and fund manager based in Sydney.[1][2]

History

Stockspot was founded in 2013 by Chris Brycki, a former portfolio manager at UBS. He created Stockspot to provide an alternative for consumers in Australia who were being priced out of getting professional investment advice due to high fees, as well as receiving compromised advice.[3] The business follows robo-advisor models similar to Wealthfront and Betterment in the US and Nutmeg in the UK where it provides automated investment advice and portfolio management.[4]

In April 2014, Stockspot secured A$250,000 of seed funding from AWI ventures to support its growth strategy.[5] It was a runner-up in the 2014 Sydstart Startup Pitch Competition.[6]

Stockspot completed a second Series A round of venture capital financing in June 2015 adding Rocket Internet and H2 Ventures onto its register.[7]

Stockspot completed another round of capital financing (Series B) in May 2017, led by Exchange-traded fund pioneer and ETF Securities founder Graham Tuckwell and Alium Capital.[8]

Controversy

In December 2016, Stockspot accidentally released the financial and personal details of customers. According to the ABC report, Stockspot was unaware of the breach until they were contacted by the affected customer. CEO Chris Brycki confirmed that this was a one-off incident that affected a single client account and there was no financial risk to the client impacted.[9]

References

  1. ^ "Robo-adviser Stockspot rattles tin for fresh funds". Australian Financial Review. 8 June 2022.
  2. ^ Yeates, Clancy (28 January 2019). "Robo adviser Stockspot eyes banks' savings turf". The Sydney Morning Herald.
  3. ^ "Aussie Startup StockSpot Seeks To Shake Up The Wealth Management Industry Share". Forbes. 17 August 2014.
  4. ^ "Online financial advice going for a song". Sydney Morning Herald. 29 July 2014.
  5. ^ "AWI provides first seed funding to online ETF provider". Money Management. 15 April 2014.
  6. ^ "Go Far, A Driving Optimisation App, Took Out Sydstart's Startup Pitching Battle". Business Insider Australia. 2 September 2014. Archived from the original on 3 September 2014.
  7. ^ "Robo-adviser Stockspot raises capital from H2, Rocket Internet". Sydney Morning Herald. 22 June 2015.
  8. ^ "Graham Tuckwell leads $3 million investment into robo-adviser Stockspot". Australian Financial Review. 4 May 2017.
  9. ^ "Robo investor Stockspot mistakenly releases customers financial, personal details via email". ABC. 21 December 2016.

Content Disclaimer

Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.

  1. The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
  2. There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
  3. It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
  4. Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
  5. Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.