News and Announcements
Maqro bringing investing to the masses through release of new online stockbroking platform
- Published March 05, 2019 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Highlights
- Maqro is adding the human back into online investing, offering a more personalised service and breaking down the barriers to the everyday investor.
- As the first Australian model offering a white labelled service to all advisory firms, Maqro is tipped to exceed $1 trillion by 2020.
- Maqro is working towards $2.2m Series B round of funding to fund technology development, marketing and brand awareness prior to the release of the platform.
Maqro is the first Australian hybrid wealth advisory platform providing a middle ground option to those investors wishing to enter the market. The stockbroking industry currently services two ends of the market, from the affluent investors who can afford the service of key wealth advisors and stockbrokers, to the lower end serviced by robo advisors. Maqro is determined to eliminate the downfalls of robo advisors that lack the human element required to make key financials decisions.
Maqro is adding the human back into online investing, offering a more personalised service and breaking down the barriers to the everyday investor. Maqro allows investors to access the insight and knowledge of professional advisors, without paying the high fees of high-end stockbrokers. This helps the everyday investor to minimise their investment risk by piggybacking on the knowledge of professional advisors.
This is the first time an Australian company has adopted this model and Maqro is the first to build a platform that can be used as a white labelled model by all advisory firms. This ability has tipped the platform to exceed $1 trillion by 2020.
Maqro is working towards $2.2M Series B round of funding to fund technology development, marketing and brand awareness prior to the release of the platform.