Scalable Capital, a digital investment service with offices in Munich and London, has launched operations in Switzerland.
Switzerland is the fourth country after the UK, Germany, and Austria, where it has started operations. The robo-adviser currently oversees £600m in assets on behalf of over 20,000 clients.
The robo-adviser has launched a website targeted at Swiss customers and also hotline for them.
Through its German custodian bank partner Baader Bank, the robo-adviser will deliver specific tax reporting for Switzerland. The bank will be responsible for managing the portfolios of Swiss customers in euros.
Scalable Capital co-founder Simon Miller said: “Switzerland is an interesting market for every wealth manager. But we would not have taken this step if we didn’t believe that we could offer a real added value to Swiss retail investors.
“We are the only independent robo-advisor in Europe using three key building blocks to build a truly customer-centric product: professional risk management for every individual portfolio, low cost, and a comprehensive digital service with unparalleled transparency.”