QuietGrowth expresses empathy as Six Park ceases its robo advice service

Sydney, 2 August 2023 – QuietGrowth expresses empathy as Six Park announces the ceasing of its robo advice service in Australia. Both firms are prominent robo advisers in Australia, providing Managed Discretionary Account (MDA) service to clients through online interfaces. Six Park released a communication on 28 July 2023 that it is ceasing its MDA service and has given its clients the option to transfer their securities to another broker account within a specific deadline.

QuietGrowth holds a lot of respect for Six Park and its co-founder and CEO, Patrick Garrett. Both QuietGrowth and Six Park are early movers and fellow travellers in the robo advice industry in Australia. Both launched the robo advisory service almost at the same time – QuietGrowth in 2015 and Six Park in 2016. “We are sure the Six Park team would have lots of fine memories. You are a kind team with good intent. Hope we work together sometime.” says QuietGrowth.

To provide the MDA service, QuietGrowth and Six Park use the same third-party service providers: Openmarkets for the broker account and Macquarie Bank for the cash management account. Also, the securities of clients of both firms are held under an 'individual' HIN structure, and the investment portfolios constructed by both firms comprise ETFs. In this context, QuietGrowth says Six Park clients can consider transitioning to the QuietGrowth MDA service.

For more details about our automated investment management service, please visit www.quietgrowth.com.au.

ENDS

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QuietGrowth Pty Ltd
Level 4, 11 York Street, Sydney, New South Wales 2000, Australia
Website: www.quietgrowth.com.au
Email: info@quietgrowth.com.au

About QuietGrowth:
QuietGrowth is a digital investment management service or robo advisor. We manage the investments of clients to achieve risk-optimised returns over the long-term.

QuietGrowth provides personalised investment advice to the client and manages the funds that the firm invests on behalf of the client. We offer customised and diversified portfolios to the client through a Managed Discretionary Account (MDA). The securities are held under the client's own individual Holder Identification Number (HIN). We support individual, joint, SMSF, trust, and company account types.

Our highly-skilled investment experts and engineering teams have built a robo advice solution that automates the delivery of our service. Our solution uses algorithms and interactive interfaces on our website and mobile apps to provide a high-quality service.

We are the most advanced online investment adviser in Australia. Our website: www.quietgrowth.com.au.

Note:
QuietGrowth Pty Ltd (ACN 602 754 692) is an Authorised Representative (No. 001233619) of Bespoke Portfolio Pty Ltd, the holder of Australian Financial Services Licence (AFSL) No. 341991. Any advice or information in this marketing material is general advice only, and has been prepared without taking into account your objectives, financial situation or needs.