22 June 2018
Visit www.gemalto.com

LV= invests in robo-adviser Wealth Wizards

04 August 2015  |  1935 views  |  0 Source: LV=

Retirement specialist LV= has taken a majority stake in Wealth Wizards Limited, the UK based automated advice experts.

LV= will inject development capital into Wealth Wizards which will enable the company to deliver on its ambition to develop a widely available ‘white-label’ automated advice platform.

The deal will also see Wealth Wizards power CORA, LV=’s retirement advice service. CORA, which is supported by LV=’s in-house regulated telephone advice service, uses Wealth Wizards’ algorithm based advice platform to generate personal advice for pension savers planning for retirement.

The remaining shares are owned by Wealth Wizards’ founding management team and the business will continue to operate its independent financial advice service which is focused on developing low-cost advice solutions for the workplace market.

Richard Rowney, Managing Director of LV= Life and Pensions commented: “LV= has always championed the importance of advice in the retirement income market and we are pleased to agree this deal with Wealth Wizards. The way people fund their retirement is changing and so is the way that people access their savings and this deal is a great opportunity for us to support the development of digital solutions to meet the evolving demands of retiring consumers.”

Andrew Firth, CEO of Wealth Wizards said: “This deal marks an important milestone in our development of digital advice solutions. CORA breaks new ground in the implementation of so called ‘robo-advice’ in the UK market and LV=’s investment will enable Wealth Wizards to continue to pioneer the development of innovative advice products.”

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/Visit http://go.jumio.com/finextraAdVisit https://secure.vasco.com

Top topics

Most viewed Most shared
GPS raises £44 million to fund international growthGPS raises £44 million to fund intern...
26080 views comments | 7 tweets | 8 linkedin
Robots save Nordea from GDPR processing nightmareRobots save Nordea from GDPR processing ni...
8989 views comments | 10 tweets | 17 linkedin
BIS: Cryptocurrencies are an environmental disaster that could break the InternetBIS: Cryptocurrencies are an environmental...
8260 views comments | 18 tweets | 23 linkedin
hands typing furiouslyArtificial Intelligence at the changing fa...
7126 views 0 | 10 tweets | 5 linkedin
Visa says 5.2m payments failed during 10 hour outageVisa says 5.2m payments failed during 10 h...
6160 views comments | 14 tweets | 10 linkedin