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Six Park

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Australia

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01 Jan 2014 (11 Years)

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Security Information

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    What are the differences in regulations for each

    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Get to know Six Park

    Pat Garrett and Brian Watson founded Six Park in 2014 while working together at their investment management firm in Melbourne, Australia. Pat and Brian met in the mid-1990s while Brian was managing the global private equity and venture capital investment unit of JP Morgan (New York), and have been working together in Melbourne since 2001. They decided they could no longer ignore a major problem in Australia's investment management industry – namely, that it was difficult, confusing, expensive and frustrating for most Australian investors to get professional, low-cost investment advice. Worse, there was ample evidence that investors' best interests had taken a back seat to the interests of larger financial institutions. Pat and Brian met in the mid 1990's while Brian was managing the global private equity and venture capital investment unit of JP Morgan (New York), and have been working together in Melbourne, Australia since 2001. In June 2014, Pat and Brian started building a better solution for Australian investors – a trustworthy, professionally managed, low-cost, and highly accessible investment guidance service that is not aligned with a financial institution. Six Park is now a team of seven experts, including a world-class Advisory Board, with 100+ years of experience in investment management and financial services, at organisations of the quality of JP Morgan and the Australian Government's Future Fund. The service combines innovative technology and sophisticated investment theory, and is totally transparent about its offering and fees, with the required legal authorisation to provide these services. Six Park launched in April 2016 and has grown significantly from its initial early-adopter client base. Each client has a portfolio of high-quality ASX-listed Exchange Traded Funds (ETFs) developed to match their personal risk profile and investment horizon. The business has raised several rounds of private capital to build and launch its service, and has a strong pipeline of future product enhancements. They believe that we've built the best investment service available to Australian investors, especially when considering the experience of the team, the low cost of the service and the overall user experience for their clients.

    Industry

    • Financial Other ServicePRIMARY

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