There are a number of investment management platforms available in Australia. Some are free and others charge a small administration fee. These fees can be reasonable for large investors but out of reach for smaller investors. Full portfolio management platforms can be expensive, and you may have to pay ongoing adviser charges in addition to the administration fee. In addition, some platforms do not clearly disclose fees associated with their services.

The biggest players in Australia are FCX and Xplore Wealth. The others include OneVue and HUB24. These platforms cater to the millennial demographic, who are expected to make up the largest portion of the workforce in the future. They also tend to earn higher incomes than other age groups and want a platform to manage their assets on their behalf.

FCX Australia is an Australian investment management platforms that manages $9 billion worth of assets. It recently raised $15 million in an IPO and the CEO claims the company will be profitable within 12 months. With a dedicated team and a refocused strategy, FCX Australia has the potential to grow quickly in Australia.

FCX Australia is an Australian financial services company regulated by Fin clear. It has an office in Surry Hills. It caters to both experienced and novice investors. Has an extensive library of educational resources, low fees, and accepts credit/debit cards, PayPal, Skrill, and wire transfer. Withdrawals are available with a $5 fee.

Rainmaker research examines the market for FCX platform providers in Australia and finds that 50% of the fastest-growing platforms offer managed accounts and model portfolios. The report also analyses the use of platforms by financial advisers. It identifies trends and evaluates the impact of these platforms on financial advisers, superannuation funds, and Investment Management Platforms. It also explores the use of platforms across managed accounts and wraps, including master trusts and investor directed portfolios.