Clover.com.au

How it works

Clover is an automated savings and investing platform that uses a passive and diversified investing model based on Modern Portfolio Theory. Our investing portfolios utilise transparent and low-cost Exchange-Traded Funds to optimise after-fee risk-adjusted returns.

Category

• Saving
• Investing

Type of help

• Targeted Advice

Where can I get this?

Online
App Store

Are there any other availability restrictions?

Services Offered

Will I learn what type of risk taker I am?

Yes

Will it produce a financial plan?

Yes

What types of investments are available?

Exchange Traded Products

How many investment portfolio options are available?

5 standard portfolios and 5 ESG portfolios

Where can I invest?

• Australia
• International

Who manages my investments?

Clover

In whose name are investments held?

Your Name

Is there professional research available on the investment options?

No

Will it allow me to trade automatically?

Yes

Will it automatically rebalance my portfolio?

Yes

Will it provide reports on my investment performance?

Yes

Cash management account

Yes

Automated alerts and updates

Yes

Can I access other professional help through this service?

• No

On which platform can I use this?

• Computer
• Tablet
• Smartphone

Account opening & closing

How do I create an account?

Online

Account opening speed

• 5 minutes

Will it capture my personal financial information automatically?

Yes

Will I be asked questions about my situation?

Complex (> 5 questions)

How fast can I get my invested money back?

3 Days

Who it's for

Accessable by

Myself

Life stage

• Starting Out
• Mid-Career

Type of customer

• Consumer

Advice stage

Define My Goals & Objectives
Assess My Financial Situation
Implement Financial Plan
Review My Progress

What is the minimum amount I have to invest?

$2,500

What is the minimum amount I have to be earning?

No minimum

Customer service & support

Is there general financial education information provided?

Yes

Customer support

• Email
• Phone
• Live Chat
• FAQ

Who do I complain to as a last resort?

• Australian Financial Complaints Authority (AFCA)

What it costs

Fee structure

• Subscription
• Fees Based On Value Of Assets

Minimum contract period

Not Applicable

Free Trial

3 months

Payment method

• Cash Management Account

Is it legitimate & secure

Trading name

Clover.com.au Pty Ltd

Who owns the company

Majority held by co-founders

Who runs the business

• Harry Chemay, Sahil Kaura, Darcy Naunton

Date founded

2014

Number of staff

7

Security & Regulatory Compliance

Will it verify my identity?

Online

Will it send me a confirmation security number to sign-up?

Yes

Are my records destroyed when I leave?

Yes

Is there detailed documentation about the product?

No

What company holds the financial license?

Clover.com.au Pty Ltd

Financial Services Guide?

Yes

Contact Information

Website

Visit website

Email

Send email

Phone Number

1300 001 557

Address

Level 2, 520 Bourke Street, Melbourne 3000

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