Stantins Consultancy will adopt Ignition Wealth’s automated advice technology to attract new clients.

Melbourne-based financial services practice Stantins Consultancy will adopt Ignition Wealth’s automated advice technology to attract new clients.

The news comes on the back of an announcement earlier this week that Ignition Wealth had appointed Henry Capra as chairman of their investment committee and as a member of the Ignition Wealth advisory board.

Stantins partner, Russell Walsh, said Ignition Wealth’s “consumer first, high tech, low cost model” will allow Stantins clients to receive better service at more competitive rates.

“We are excited about leading the fintech revolution in Victoria. This technology allows us to grow our business by attracting new clients and monetising our existing distribution,” Walsh said.

Ignition Wealth’s platform will allow Stantins’ clients to access their accounts from their mobile phone, tablet or online at any time.

Clients receive rebalance notifications by email and by notifications via the app on their mobile phone.

Ignition Wealth’s chief executive, Mark Fordree, hailed the partnership as an important step that will allow Stantins to “scale and grow” their practice revenue.

Stantins partner, Leonie Ladgrove, said the automated advice technology will allow the firm to engage with a growing millennial customer base.

“The new technology will allow us to reach a whole new generation of clients,” she said.

“Millennials expect to be able to access all of their financial services from their mobile phones, we are looking forward to welcoming the adult children of our existing clients as well as a wealth of tech-savvy new investors.”