itransactGO: The robo advisor - for financial advisors

Lance Solms, Head of Itransact.

Leading independent investment platform, Itransact, has launched South Africa’s first independent robo-adviser that harnesses the power of over 50 low cost Exchange Traded Funds (ETFs), opening up a new world of investment possibilities by making the investment process instant and online at a very low cost.

ItransactGO offers both savings products and retirement annuities.

ItransactGO allows financial advisors to charge fees for the advice they give

You may wonder how one can charge advice fees on top of robo advice? The answer is simple. ItransactGO is designed to lower the costs of investing by removing cumbersome paper application processes and allowing an advisor and client to interact together in an online environment (without driving up and down – petrol and time is expensive) using sophisticated technology to solve complex investment problems through advice and guidance. Advisors and clients can agree to a fair advice fee and instruct the system to pay the advisor.

How does it work?

It’s as simple as 1, 2, 3!

Together with your client, jump onto your cellphone, tablet or PC and head over to https://itransactgo.itransact.co.za

Step 1 – Tell ItransactGO about yourself and your investment goals

ItransactGO does not ask you to sign up before you or your client can use the technology – you can just plug and play. We ask certain questions about your client where after a modern investment portfolio theory and behavioural science we help prepare a unique intelligent investment strategy.

Step 2 – ItransactGO sums up the calculations and creates a personal investment portfolio

Each portfolio we create is unique and diversified across all the asset classes combining efficiency and low costs both of which are powerful drivers of superior returns.

Once your client is happy with their personal portfolio, they simply complete the application form online, upload their FICA documents. (On mobile devices this function opens up the devices camera)

Step 3 - We manage your portfolio and you can check on it at anytime

After opening an online account, you and your client can view the investment information any time.

What are the costs?

ItransactGO’s costs are low and 100% transparent. We only use ETFs as the underlying funds for our portfolios. ETFs are on average five times less expensive than traditional unit trusts. Richard Branson had this to say - "We never employ fund managers (some of the world’s most highly paid people) since we discovered their best kept secret – they could never consistently beat the stock market index"

EAC (Effective annual cost for an investor investing R300 per month in a retirement annuity portfolio with 0.50% ongoing advice fee.

Why Itransact?

Itransact has been serving thousands of satisfied financial advisors and investors since 2010 and is South Africa’s leading independent low cost investment product platform. We make investing simple.

How safe are ETF portfolios?

Our portfolios are subject to Financial Markets, Collective Investment Schemes and Financial Advisory and Intermediaries Acts. We store personal information with 256-bit AES encryption protected under POPI and PAIA acts.

Education

ItransactGO has easy to understand videos that explain how our portfolios work.

Conclusion

ItransactGO is smart and will get smarter. Our algorithms are intelligent. They "listen" to investor’s needs and make continual automated adjustments ensuring portfolios are automatically rebalanced and on track.

For more information contact us on 0861 432 383 or visit our website www.itransact.co.za