Robo-advice trial was covering simple risk and superannuation needs for entry level clients.

De Zwart declined to name the service provider that was working with the CAF’s salaried advice group — Alliance Wealth — but said the trial was covering simple risk and superannuation needs for entry level clients.

He said the trial was part of ongoing investment into the business over the past 12 months and follows CAF reporting an $3.3 million profit at the end of the last financial year and the launch of its own managed account offering in August 2014.

Interesting concept to move older advisors to work on changing behavourial change with their clients while younger advisors are better at technical analysis which can be automated. Divid and conquer specialization.