Mercer adopts Decimal's consumer robo-advice tool

By tlewis ·
December 22 2015

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.