Aussie Mobile Apps Growing Popularity in Global Wealth Management

Sydney-based INKOM Wealth Management joined the latest technology trends and released a suite of mobile applications offering free live data and technical analysis of 2 million financial instruments from 162 global exchanges, mortgage, tax and investment apps that greatly enhanced the ability of investors to create a better financial future.

Sydney, Australia (PRWEB) November 07, 2011

Global cell phone users are making mobile banking and wealth management applications one of the hottest items in an otherwise soft world economy. The growth in usage is enormous. The number of people using mobile financial apps to check their bank accounts and credit cards grew almost 50% in the first 6 months of this year.

A recent study by comScore, a leading US company keeping track of activity in the digital world, showed credit card users making bank visits via the mobile app overwhelm people using a computer almost two to one. This mirrors a recent statement from Facebook regarding mobile users demonstrating the pervasiveness of mobile app usage.

“There are more than 250 million active users [50 percent] currently accessing Facebook through their mobile devices. People that use Facebook on their mobile devices are twice as active on Facebook as non-mobile users.” – Facebook official statistics (July, 2011).

INKOM Wealth Management in Sydney found many people struggle with complex financial matters like taxes, mortgage calculations, investments and retirement. With clients in mind the CEO Greg Nazvanov created a suite of easy to use, dynamic mobile apps to fit with users' lifestyle and put them in control with finances.

INKOM has a full complement of mobile applications to fill everyone's stockmarket investing, wealth management, investment planning and asset management needs. The innovative suite of five mobile apps offered by INKOM covers all of financial concerns from global investing, planning for the future to paying a home loan. Mobile Financial Applications like these are expected to be the engines helping drive the world economy.

Mobile Banking is one of 8 predicted applications that will generate an estimated $124 billion by 2014 for cell phone companies and application developers. The World Bank expects the economy to shrink this year, for the first time in 65 years. But when the economy does turn itself experts predict tighter integration of the global financial system. They attribute services like INKOM's financial suite to help spur the eventual recovery through innovation. While the world awaits recovery investors can harness the power to better manage their finances and improve their quality of life. One of the most popular INKOM Blackberry Smart Investor application has been downloaded more than 36-thousand times since its release. The Smart Investor app allows users to test drive their investment risk tolerance, considering the behavioural attitude and past experience and get quick answers explaining what they should consider in their investment portfolio and where they fit on the risk scale. The app doesn't solve problems or find the best investment. What it does is educate the user about the various investment options available so they can make better use of their time when having a consult with their financial advisor. Smart Investor app allows the client to better assess investment opportunities. The app helps investors to determine how to allocate their funds between shares, property, fixed interest, cash and private equity. It also offers cool graphics showing what exactly a user may wish to bundle in their portfolios. After using the Smart Investor users can drive the INKOMBlue Application which comes armed with free live data and technical analysis of 2 million financial instruments from 162 global exchanges that greatly enhances the ability of the investor to build a strong financial future. Unsure about taxes? They have a Tax Mate app that makes calculations easy.

INKOM Wealth Management employs top app developers to create dynamic apps for home owners and real estate investors the Home and Investment Mortgage Calculator and the Investment Property Calculator. The Home and Investment Mortgage Calculator allows customers to determine what individual mortgage payments will be. The app works for both home purchases and investment property. To find out if the house fits in a budget simply enter the loan amount, the interest rate, and the length of the borrowing. The app will show what the payments are. An additional feature will assess the impact of refinancing to help decide if doing so is in the best interest. Love the colourful output at the end, showing how quickly the debt will be repaid. Drive this app again and again and see what else could be tailored using honeymoon offers or split loans.

The INKOM Investment Property Calculator determines income and expenses on an investment property, capital gains from purchasing an investment property, how it fits into a budget or whether it will help reduce any tax obligations. Public often hears a term “negative gearing” – now one can calculate everything he or shee needs to know. It also helps those who are buying a property with someone else, by calculating the share of benefits and a share of costs.

INKOM financial planning apps help the global consumer be better prepared financially for the future.

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