Otivo launches AI-powered advice app

ifa

Digital advice firm Otivo has unveiled its AI-powered mobile app, building on its existing capabilities to deliver regulated, personalised advice under its AFSL. According to Otivo, the app will give users personalised advice on superannuation, retirement, mortgages, debt, EFT investing and personal insurance through a plain-language chat interface.  “It accepts questions in plain English and most major languages, and produces answers documented in a statement-of-advice format. The app does not currently cover self-managed super funds, estate planning or aged care,” Otivo explained.  

The app will be free to every Australian until 30 June 2026, with existing Otivo subscribers able to sign in with their credentials. From 1 July, Otivo will begin to charge for the app’s usage. It comes not long after OpenAI launched their own financial advice feature on ChatGPT, available only to American premium users. 

The rest of this article can be found at ifa.com.au.