The Daily Telegraph (Sydney) - - David & Libby -

Raiz (for­merly Acorns): Users link up their bank ac­counts and credit cards, and it rounds up all their trans­ac­tions to the near­est dol­lar and in­vests this amount into an ETF port­fo­lio.

Stockspot: It of­fers five ETF port­fo­lios and each in­vestor is set up with a Mac­quarie Bank cash man­age­ment ac­count. ETFs are traded un­der the in­di­vid­ual’s own Holder Iden­ti­fier Num­ber in a man­aged dis­cre­tionary ac­count (MDA). A port­fo­lio can be set up from $2000.

Clover: This au­to­mated sav­ings and in­vest­ing plat­form uses a pas­sive and di­ver­si­fied in­vest­ing model based on mod­ern port­fo­lio the­ory. The port­fo­lios use low-cost ETFs to op­ti­mise re­turns.

In­vestS­mart: It’s an on­line bro­ker/ad­viser of­fer­ing tools and re­sources for free or a sub­scrip­tion. It of­fers port­fo­lio man­age­ment ca­pa­bil­i­ties, re­search and ad­vice and man­aged port­fo­lios across a range of risk pro­files.

Life Sherpa: Aimed at younger in­vestors, it cov­ers ev­ery­thing from bud­get­ing and de­vel­op­ing good habits to in­vest­ing and sav­ings plans.

●Money Bril­liant: This al­lows you to mon­i­tor and track all your bank ac­counts and in­vest­ments plus pro­vides ac­cess to more than 200 fi­nan­cial in­sti­tu­tions. We like their bill watch and ex­pense tracker and the abil­ity to cus­tomise tools.

●Pock­et­book: Con­sol­i­dates all your bank­ing and credit data in one place and then cat­e­gorises spend­ing for easy bud­get­ing. It also sends out alerts when bank fees are charged or when you are reach­ing your spend­ing limit.

●Re­tire­ment Es­sen­tials: Cal­cu­lates and helps re­tirees ap­ply for the age pen­sion and pro­vides alerts for any changes in rules. It’s com­pre­hen­sive and easy to use.

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