Stockspot, based in Australia, is an online automated investment adviser and fund manager.
PRODUCTS & SERVICES:
Stockspot is an automated investment tool that allows opening accounts for individuals, joint, company, trust, and self-managed super funds (SMSF). The company doesn’t provide its services to non-Australian citizens who also live outside of Australia. The initial amount of starting investment is $2,000. The company claims to provide service without the high fees, confusing jargon, endless paperwork, and lack of transparency and provides Australians with a low-fee investment service.
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Stockspot uses Mean-Variance Optimisation - the foundation of Modern Portfolio Theory, to allocate the percentage of each asset class in customers portfolio.
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DATE OF LAST FUNDING:
TOTAL FUNDING COMMENT:
The company is planning to use the fund for marketing and also planning to bring new products to the market, including one aimed at the self-managed superannuation fund market.