Australian robo-adviser QuietGrowth has launched a new feature that will allow investors to adjust their risk appetite on a regular basis.
The new feature will allow clients to modify their personal circumstances, receive a new statement of advice (SOA) as well as update the risk tolerance of their portfolio once in a month without any extra charge.
According to QuietGrowth CEO Dilip Sankarreddy, the updates would simplify the advice process, making it "simpler and more cost-effective for the client to regularly update their Personal Circumstances and adopt an Investment Program that is in line with their evolving financial situation and goals."
QuietGrowth Australia director Krupakara Chinnasani added: "We’re committed to consistently bringing new features to the platform and helping investors manage their risk exposure in a simple, efficient and cost effective way."
The automated investment management service QuietGrowth was launched in Australia in 2015. In 2016, it introduced multi-risk portfolios that allows clients to segment their savings into portfolios with different risk levels, as well as a mobile app.