Australia manages the fourth-largest pension system in the world today.
Even though the Australian wealth management industry is only 25 years old, it has a superannuation system valued at more than $2.1 trillion. When all wealth that is managed comes together within this industry, its overall value reaches $2.8 trillion.
There are more than 25,000 active financial advisors currently working with the Australian Wealth Management sector.
The annual fees generated by the Australian wealth management industry is close to $3.9 billion.
Only 2.2 million Australians (or 12% of the population over 18) share their lives and wealth with a financial adviser.
Digital advice will give the large portion of Australians low-cost access to services that will scale with their needs.