Deutsche Bank has launched a new robo-advisor service, called AnlageFinder, to help equity investors make better investing decisions.
The new service will be offered through the bank’s online investment platform, maxblue and has been developed in partnership with the fintech company fincite.
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The robo-advisor will use algorithms to put together individual portfolios for investors who are seeking to make investment decisions without taking advantage of advisory services.
AnlageFinder has been designed for experienced and first-time investors in equities alike. The tool, which is free for maxblue clients, will inform clients of potential investment related risks, such as an excessive focus on certain sectors, and highlights investment alternatives.
Using the new tool, the investment process will include just a few steps. The first step of the investment process is settling key questions such as investment objectives, terms and risk appetite.
The second part of the process comes up with a customised asset allocation based on the client’s personal opportunity/risk profile.
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By GlobalDataThe tool will also provide a selection of securities in asset classes including actively managed investment funds as well as passively managed exchange-traded funds based on criteria selected by the client, such as rating, product costs and performance.
Initially available with internet browsers, the bank is planning to launch a mobile app version of the product in early 2016.
Other enhancements, including peer-to-peer comparisons and risk management are expected to be added in the first half of 2016.
Deutsche Bank COO for private & business clients Markus Pertlwieser said: "With our AnlageFinder robo-advisor, clients can professionally put together their portfolios and optimise their investment outcomes with just a few clicks. In particular, the system makes it easy for first-time investors in equities to get started.
"AnlageFinder provides clients with extensive support in making investment decisions with the help of tutorials and comprehensive financial market information. This investment tool helps Deutsche Bank position itself for the digital natives among its clients who are keen on seizing the opportunities offered by capital markets."
Additionally, maxblue will launch a new native app for experienced investors.
The maxblue app, which will be initially available for iPad versions with iOS 8 and up, will allow clients to check their accounts and portfolios and make securities trades any time.
The app allows customers to view all stock exchanges and over the counter markets in order to compare prices of the firm’s various trading partners.
"The maxblue app allows our clients to react flexibly to the latest developments on capital markets any time. As a result, our clients can keep a constant eye on their portfolios and access them whenever they want," Pertlwieser added.
