Graham Tuckwell leads $3 million investment into robo-adviser Stockspot

Exchange traded funds pioneer and Rich Lister Graham Tuckwell has led a $3 million capital raising for Stockspot, a disruptive robo-adviser that gives investors access to low-cost ETFs.

Mr Tuckwell, who runs ETF Securities, led the Series B raising with growth investor Alium Capital, with participation from fellow Rich Lister and trading entrepreneur Danny Bhandari and existing Stockspot shareholders Toby and Ben Heap from H2 Ventures.

Stockspot, which was founded in 2013 by former UBS portfolio manager Chris Brycki, has now raised a total of $5 million. It won’t disclose its assets under management, but says it has 25,000 registered users and subscribers. It charges no fees for the first six months then $6.60 a month for balances under $10,000.

Read more: http://www.afr.com/technology/graham-tuckwell-leads-3-million-investment-into-roboadviser-stockspot-20170504-gvyktb#ixzz4gjFOwi1T
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The official account of For Accountants, an online resource specifically designed for accountants in public practice.