Clover partners with private wealth firm

By elaina ·
April 24 2018

Clover partners with private wealth firm

Melbourne-based robo-adviser Clover has entered an agreement to white-label its technology for boutique private wealth firm Collins House.

The new 'Clover for Advisers' service will be included in Collins House's online investment service, and is slated for release "early in the new financial year", Clover said in a statement.

"The white-label arrangement will allow Collins House online investor service to utilise Clover's proprietary digital advice technology and portfolio management capabilities, delivered via Clover's managed discretionary account service," the statement added.

Clover chief executive Sahil Kaura said the company was pleased to be working with Collins House on the project, which will help identify which clients could be placed into managed account services.

"Information provided by Collins House online investment service users will be algorithmically analysed to determine if an [sic] managed discretionary account service is appropriate on a case-by-case basis," Mr Kaura said.

"Where an [sic] managed discretionary account service is deemed appropriate, each user will receive a recommended investment program, documented within a Statement of Advice."

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