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Draft:Chris Brycki

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Chris Brycki, founder & CEO of Stockspot

Christopher Brycki is an Australian fintech entrepreneur and the founder of Stockspot, an online investment advisory firm based in Australia, with over $800 million in assets under management.[1]

Early life and education

Born in Sydney, New South Wales, Brycki attended North Sydney Boys High School. His interest in investing began at the age of 10 when his father gifted him $1,000 to invest in shares of his choice.[2] After researching various companies and sectors, he invested in a resources company, sparking a lifelong passion for investing. Brycki continued to cultivate this interest throughout high school, where he entered and won the ASX Sharemarket Game three times between 1999 and 2001[3].

Brycki pursued higher education at the University of New South Wales (UNSW), where he earned a Bachelor of Commerce with a focus on Accounting and Finance, supported by a Co-op Scholarship.

Career and Stockspot

A former portfolio manager at UBS, Brycki founded Stockspot in 2014, launching the company at the Next Bank Asia[4] conference, where it was named Asia's Top Financial Technology Startup of 2014.[5] Stockspot introduced the robo-advisory model to Australia, providing automated, low-cost financial advice and investment management.[6] Brycki's goal was to offer accessible investment services to Australians who were often priced out of traditional financial advice due to high fees and minimum balance requirements.

Stockspot quickly gained recognition for its innovative approach. In the 2016 Tech Pioneers Report, the company was listed among the top 50 leading-edge startups in Australia and New Zealand.[7]

Brycki founded Stockspot on core investment principles,[8] emphasising the importance of staying invested over trying to time the market, minimising fees for better returns, maintaining discipline with a long-term plan, rebalancing to reduce risk, avoiding marketing hype, and ensuring alignment between adviser and client interests[9].

Known for his vocal criticism of traditional financial services, Brycki has emerged as a prominent advocate for increased transparency in investing and superannuation[10][11][12].

Advocacy and public policy

In 2013, Brycki created the Fat Cat Funds Report[13] to highlight the underperformance of high-fee superannuation funds.[14] He is also a strong proponent of public policy initiatives, including the Royal Commission into Banking Misconduct and the prohibition of stamping fees paid by Listed Investment Companies.[15] Brycki also regularly contributes thought leadership pieces within the ETF[16] and wider financial services sphere.[17][18]

Recent developments

In 2023, Stockspot secured a strategic investment of $28 million from global asset manager Mirae Asset Global Investments.

Stockspot currently manages over $800 million in assets for over 14,000 clients in Australian.[19]

References

  1. ^ "Stockspot Surpasses $800 Million in Assets Under Management, Serving 14,000 Clients - News Hub". 2024-09-02. Retrieved 2024-10-29.
  2. ^ "Yahoo Finance".
  3. ^ Palmer-Derrien, Stephanie (2020-01-14). "Child prodigy to startup chief: How Chris Brycki turned his passion for stocks into an investment tool for everyday Aussies". SmartCompany. Retrieved 2024-10-31.
  4. ^ "Next Bank Asia".
  5. ^ White, Kye (2014-05-12). "Sydney financial startup Stockspot eyes spot in Singapore showcase". SmartCompany. Retrieved 2024-10-29.
  6. ^ "Amid the virus, have robo-advisers found their moment?". Australian Financial Review. 2020-04-29. Retrieved 2024-10-29.
  7. ^ Sadler, Denham (2016-04-28). "The top 50 Australian and New Zealand startups revealed". SmartCompany. Retrieved 2024-10-29.
  8. ^ "Stockspot - Australia's largest online investment adviser". Stockspot. Retrieved 2024-10-29.
  9. ^ Ymer, Sophie (2019-11-09). "Chris Brycki - Evidence". Rask. Retrieved 2024-10-31.
  10. ^ "Chris Brycki". Australian Financial Review. 2024-05-14. Retrieved 2024-10-31.
  11. ^ "Chris Brycki | Super Review". www.superreview.com.au. Retrieved 2024-10-31.
  12. ^ "News Releases". Today's News. Retrieved 2024-10-31.
  13. ^ "Australia's 8th Annual Fat Cat Funds Report - IFA Magazine". 2020-09-22. Retrieved 2024-10-29.
  14. ^ "Worst Super Funds".
  15. ^ "Stockspot submission" (PDF).
  16. ^ "Chris Brycki, Stockspot Founder & CEO - Money News". omny.fm. Retrieved 2024-10-31.
  17. ^ "Chris Brycki". FS Advice. Retrieved 2024-10-31.
  18. ^ "Chris Brycki". Yahoo News. Retrieved 2024-10-31.
  19. ^ "Robo adviser adds $150m to assets under management". Private Equity Media. Retrieved 2024-10-31.
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