PODCAST

SHROOGLE INSIGHTS – INTERVIEW WITH CATHERINE ROBSON

The award winning Financial Planner and Founder of Affinity Private Advisors took some time out for a fireside chat with Justin Quay Founder of Shroogle. Catherine also hosts a podcast series called Success Stories.

Click the podcast below to listen in:

https://podcasts.apple.com/au/podcast/success-stories-from-catherine-robson/id1145209261#episodeGuid=53408b36-03c9-4e46-adad-9d091cdb7fcd

Catherine Robson

SHROOGLE FOUNDER INTERVIEWED BY TICKER TV

Eloise Grace from Ticker TV visited Shroogle to interview Justin Quay.

Ticker is a media startup founded in 2019 by Ahron Young, former Sky Business reporter and Melbourne Bureau Chief. The channel focuses on business, technology and aviation.

Click this link to view the interview:

https://www.tickertv.com.au/news/bts-at-shroogle/

PODCAST

SHROOGLE FOUNDER INTERVIEWED BY ALAN KOHLER

Shroogle Founder Justin Quay interviewed by Alan Kohler, one of Australia’s most experienced financial commentators and journalists. The 10 minute podcast for Qantas Talking Business will be available in January on all Qantas Aircraft. We thank Alan for his interest and support.

Click the link below to listen to the podcast:

Alan Kohler of Qantas Talking Business interviews Justin Quay

Shroogle founder interviewed by Alan Kohler

SHROOGLE ALIGNS WITH ROYAL COMMISSION FEE CHARGING – 19 NOV 2019

SHROOGLE ALIGNS WITH ROYAL COMMISSION FEE CHARGING – 19 NOV 2019

Newly launched online personal final hub provider Shroogle has further distanced itself from current market providers by aligning with the recommendations of the Hayne Royal Commission’s fee for service charging.

Shroogle founder and Head of Product, Justin Quay said today Shroogle had adopted the Hayne’s recommendation for greater transparency and consistency and rejected the commission charging model but took it one step further with by offering a low fixed fee.

“This removes conflicts such as product manufacturer bias and the incentive to sell larger loans to generate more sales commission,” said Mr. Quay.

“Our model makes for a value proposition which is highly compelling for people buying a home, borrowing or refinancing. We are ultra-customer-centric in our approach.”

By way of examples:

House purchase

Customers buying a home and borrowing $500k will receive $1,625 in cashback commission on settlement of their loan. They will also receive more than $14,000 in cashback commissions over the life of the loan, should the loan be repaid over a 30-year term. These numbers are after Shroogle has deducted its low fixed fees. At approximately two-months’ pay at the average annual wage, this is a significant change.

Refinancing

Customers refinancing a home will benefit from the same as above, but there is a string competition from lenders seeking to attract new customers. Lenders are currently offering $1,500 to $3,500 to attract new customers to refinance and bring their business over. This can result in additional upfront cashback, depending of course on the amount refinanced. For example, $1m refinanced with some lenders would generate over $8,000 in total upfront cashback from Shroogle and the Lender, plus more than $30,000 over the life of the loan.

Mr. Quay said these numbers are ‘game changing’ for consumers.

The Melbourne-based fintech company Shroogle recently launched the first of a broad range of online financial services to provide increased access to comprehensive financial advice and related services.

Its credit service for home loans provides applicants with access to a panel of over 20 lenders, backed by professional guidance in a high quality, objective advice solution.

Shroogle has been acknowledged by financial institutions as the ‘most comprehensive digital advice solution for personal-financial-services’.It is owned by Complii Fintech Solutions Ltd, based in Sydney.

Shroogle has spent more than $6 million over four years in developing its concept to offer comprehensive personalised financial advice and related services.

Shroogle will be launching a number of other financial services modules for strategic and product-related advice, including life insurance, superannuation, investment ownership, investment selection, estate planning, social security, income tax returns and budgeting.

“We are completely transforming the way consumers seek financial advice and related services,” said Mr. Quay. “Making high-quality, personalised and objective advice highly accessible to mainstream Australians at a fraction of the cost is what drives us. This is a truly valid response to industry reports conducted by ASIC and the findings of the Hayne Royal Commission.

“Our approach is in line with the Royal Commission and we are doing this using propriety technology that eliminates overhead, maintains a high degree of quality control and reduces contact time.”

Shroogle launches – 28 October 2019 – We are open for business!

Shroogle launches - 28 October 2019 - We are open for business!

NEXT GENERATION ONLINE PERSONAL FINANCE HUB LAUNCHED

KEY RESPONSE TO HAYNE ROYAL COMMISSION

Australians will soon have access to a one-stop, fully connected personal finance hub in response to the findings of the Hayne Royal Commission into the financial services industry.

Melbourne-based fintech company Shroogle [1]today launched the first of a broad range of online financial services to provide increased access to comprehensive financial advice and related services.

The launch of the Credit service for home loans will provide applicants with access to a panel of over 20 lenders, backed by professional guidance in a high quality, objective advice solution.

Shroogle has been acknowledged by financial institutions as the ‘most comprehensive digital advice solution for personal-financial-services’.It is owned by Complii Fintech Solutions Ltd, based in Sydney.

The Shroogle concept has been in development for approx. four years and more than $6 million has been expended on R&D solutions to offer comprehensive personalised financial advice and related services.

Shroogle founder and Head of Product, Justin Quay [2] said it is all about quality and cost. “Shroogle’s ultra-customer-centric business model sees customers being charged a fixed fee for expert mortgage advice with the added bonus of receiving the sales commissions traditionally retained by the broker,” he said. “It’s going to be hard to find a better deal than that anywhere in the market.”

The home loan service will be followed by number of other financial services modules for strategic and product-related advice, including life insurance, superannuation, investment ownership, investment selection, estate planning, social security, income tax returns and budgeting.

“We are completely transforming the way consumers seek financial advice and related services,” said Mr. Quay. “Making high-quality, personalised and objective advice highly accessible to mainstream Australians at a fraction of the cost is what drives us. This is a truly valid response to industry reports conducted by ASIC and the findings of the Hayne Royal Commission.”

Commissioner Hayne said that the financial services industry had moved from scandal to scandal, “causing financial harm to clients, and damaging public confidence in the value of financial advice. This cannot continue.”

Mr. Quay said a history of significant industry shortcomings, such as laxed education standards, poorly trained advisers and a sales culture that was great for business, but not for consumers, had denuded public trust in financial services.  “However, personalised advice is vital for informed decision-making. A service such as Shroogle which is so customer-centric will assist them to overcome these concerns,” said Mr. Quay.

“We are also addressing the fears of the wave of automation that is going through the sector, especially with online services. We are seeking to help people conquer these fears and restore trust in financial services by providing high-quality, low-cost, conflict-free advice.

“Our approach is in line with the Royal Commission and we are doing this using propriety technology that eliminates overhead, maintains a high degree of quality control and reduces contact time.”

[1] Shroogle – the name has its genesis from being shrewd and frugal with financial decision making and the adoption of new technology.

[2] Justin Quay has a Masters of Applied Finance, Grad. Dip Applied Tax Law, Grad. Dip Financial Planning and is a Chartered Tax Adviser, Certified Financial Planner and SMSF Specialist. He is a member of the Tax Institute’s National Superannuation Technical Committee and has over 12 years’ experience across financial planning and taxation.