An online share trading platform that provides specific functionality for SMSFs has boosted its offering after entering into a partnership with a stock market research and news provider.
Marketech Online Trading stated it was working with stock market newsletter Marcus Today, which would provide its clients with extended access to independent market research and insights, while Marketech offered Marcus Today members extended access to its trading platform.
Marketech chief executive Travis Clark said the arrangement is the next step in the firm’s plans to create a subscription-based direct share trading and advisory model for stock market investors that was affordable and bridged the gap between professional products and those offered to most investors.
“We are directly responding to the very real concerns that price has blocked many direct share investors from getting professional independent advice and professional levels of market information,” Clark said.
“This combination of a subscription for general advice, daily trading ideas and portfolio recommendations with a professional-grade trading platform is the first step towards a new direct share investment model.
“Rather than respond to the high cost of advice and trading with just a low brokerage cost – at the expense of function – the combination of advice, data and insights will lead to a better version of direct share advice and trading, supporting investors to make informed and timely decisions, and removing the concern that an adviser benefits only from the transaction.”
Marcus Today director Marcus Padley said the partnership comes at a time when the stock market is flourishing with new investors entering the market at an unprecedented pace.
“Marketech is structured to endure and deliver across all market cycles and I am confident they will meet the expectations of all investors, including the experienced, long-term investors and self-managed super fund trustees that populate the Marcus Today database,” Padley said.
Marketech offers users a subscription model with a monthly fee, which covers the cost of live market data, and a nominal dollar fee per trade.
Padley said this approach was similar to that used by Marcus Today and was appealing to investors as it did not rely on them trading frequently, and Marketech did not encourage unnecessary trading.
