Australian growth will be slowed as competing products (spaceship voyager) launch. International growth will add very little to the bottom line due to the large difference in relative incomes.
I use the Raiz product and have a quickly growing balance, but as soon as it reaches ~$10k I plan on withdrawing my funds to direct invest into the same ETFs that Raiz invests into and takes a fee on-top off.
What I would be extremely excited by is if Raiz creates their own ETFs as FUM grows. This would enable them to compete with both Acorns, Spaceship and others on the tech side and Blackrock, Fidelity and Vanguard on Index/Managed Fund side. It would also mean their margins could be much higher, while also reducing fees.
Just my two cents
IPO - Raiz Invest Limited, page-69
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