SEARCH
Adviser app to close generational client divide
Adviser app to close generational client divide
A new financial literacy app from wealth software platform myprosperity is aimed at helping advisers bridge the generational gap that currently exists in household finances.
The Kwidz app introduces children, aged eight and up, to the key concepts of personal finance, helping them set savings goals, view spending and track success, according to a statement.
According to myprosperity, kids can sync their bank account, track transactions, playfully customise their profile picture and the app's theme, all while learning the basics of money management, while parents can allocate chores and work with their children to set savings goals via the wealth management portal so managing finances can become a family affair.
Myprosperity chief executive Stephen Jäckel said the app provides advisers with a tool to attract, educate and retain the next generation of clients as they take a whole-of-wealth approach to each household they service
"Australian households are under mounting financial pressure with the climbing costs of living and slow wage growth," Mr Jäckel said.
"By teaching our children the value of money and strong money management skills early on, we can start to improve the prospects of the entire economy.
"Encouraging families to work with financial advisers and start to be proactive with their wealth position can also help set us up for future economic growth and enable advisers to expand their practices."
Subscribe to our Newsletter
We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians
Your email address will be shared with nestegg and subject to our Privacy Policy
latest articles
OUR PLATFORMS AND BRANDS
- Accountants Daily
- Accounting Times
- Adviser Innovation
- Australian Aviation
- Broker Daily
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Centre
- Investor Daily
- Lawyers Weekly
- Money Management
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- World of Aviation
EVENTS AND SUMMITS
- Accountants Daily 30 Under 30 Awards
- ACE25
- Adviser Innovation Summit
- Australian Accounting Awards
- Australian Aviation Awards
- Australian Broking Awards
- Australian Defence Industry Awards
- Australian Law Awards
- Australian Space Awards
- Australian Space Summit
- Better Business Summit & Awards
- Broker Daily Business Awards
- Corporate Counsel Summit & Awards
- Cyber Security Summit & Awards
- Defence Connect Budget Lunch
- Defence Connect DSR Summit
- Fund Manager of the Year Awards
- ifa Excellence Awards
- ifa Future Forum
- Investor Daily ESG Summit
- Lawyers Weekly 30 Under 30 Awards
- Lawyers Weekly Women in Law Forum
- New Broker Academy
- Partner of the Year Awards
- REB Awards
- Reinnovate
- SME Broker Bootcamp
- SMSF Adviser Technical Day
- Super Fund of the Year Awards
- Women in Finance Awards
- Women in Law Awards
- Accountants Daily Podcast Network
- Australian Aviation Podcast Network
- Broker Daily Podcast Network
- Defence Connect Podcast Network
- HR Leader Podcast Network
- REB Podcast Network
- Relative Return
- Space Connect Podcast
- The Adviser Podcast Network
- The ifa Show
- The Lawyers Weekly Show
- The Smart Property Investment Show
PODCASTS
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
