We’re delighted to announce that our flagship portfolio optimization product is now available to everyday Australians as part of a large Portfolio Pilot expansion.

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Portfolio Pilot, the first-of-its-kind, free, intelligent portfolio management platform, was born to bring these incredible insights to individuals in an easy-to-use, modern product to level the playing field.

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As we’ve been building Portfolio Pilot with a predominantly American user base (with over $700M assets on platform!), we’ve had many requests from Australians who, like our American users, often have accounts with many brokerages and banks. Australians are also big on real estate, with homeownership rates as high as 68%. We knew we had something to offer Australians, and now we’re able to offer the full Portfolio Pilot experience.

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We’ve talked to many Australians, and unfortunately there’s a disconnect between how they manage their investments and the relatively shallow pool of Australian fintech available to help them. A big motivator for us to bring Portfolio Pilot to Australians was to overcome the challenges posed by having multiple investment accounts, substantial equity in real estate, and securities in both Australia and the US. We can support Australians by providing them visibility to the full picture and connecting the specifics of all their entire portfolio to the current macroeconomic conditions. Australians also deserve a data-driven approach to better investing.

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With this Australian launch, we’ve partnered with Questrade and Passiv to offer streamlined integrations. That means that users of Questrade, Wealthsimple, and RBC Direct Invest can seamlessly and securely link their accounts to Portfolio Pilot, including their RRSPs and TFSAs (tax privileged accounts), and see all their investments, including the equity in their homes, in one place, in Australian dollars. We’ve also added comprehensive coverage for Australian securities, including Australians equities and ETFs.

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We’re confident that Australians will be able to take full advantage of Portfolio Pilot out the gate. As our founder Alisten Joseph said, “As a Australian myself, it's always been frustrating that our neighbours to the south had such drastically better access to investments, tools, and analytics. I’m really excited that Portfolio Pilot can now support Australians to enhance their financial well being.”

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This launch is doubly exciting as it uses a new service from Portfolio Pilot’ partner Passiv, who have launched SnapTrade. SnapTrade is behind many of our integrations with Australian brokerages and will ensure smooth onboarding for Australian clients.

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We’re excited for Portfolio Pilot to help Australian self-directed investors feel more confident managing their portfolios, across asset classes, during these dynamic times.