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Mercer adopts Decimal's consumer robo-advice tool
Mercer adopts Decimal's consumer robo-advice tool
Decimal has signed a new robo-advice contract with Mercer, providing the super administration business with a consumer-driven robo-advice capability.
In a statement to the ASX, Decimal said it will extend the automated advice services it provides to Mercer, offering the firm a consumer-driven and online robo-advice function, in addition to its existing adviser-driven tool.
"Consumer-driven robo-advice means that the consumer drives the advice process from issuance to execution," the statement said.
Decimal chief executive Nic Pollock said, "The new contract with Mercer is a fantastic validation of Decimal's consumer-driven robo-advice technology."
In late November, Decimal announced that the value of funds advised using its robo-advice platform surpassed $2 billion.
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