Scalable Capital, a Germany-based digital investment manager, has received approval from the UK’s Financial Conduct Authority (FCA) to launch its services in the country.
The robo-advice firm’s proprietary technology dynamically allocates each investor’s portfolio based on a quantitative measure of their risk appetite.
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The platform uses forward-looking projections, based on recent market developments, to measure the level of risk in the ETF products the client is invested in, and then reallocates their portfolio according to their risk limit, the company said.
Investors can now subscribe to the waiting list on the company’s website before the service launches later in 2016.
The robo-advice firm will charge an annual management fee of 0.75% of the average invested capital from the clients, which will include account management, custody fees, and trading costs for portfolio adjustments.
Scalable Capital co-founder and managing director Adam French said: "Our technology not only provides cost-efficient access to capital markets products, but also offers UK retail investors a more sophisticated investment methodology."
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By GlobalDataScalable Capital co-founder and CMO Ella Rabener said: "Our globally diversified ETF portfolios are tailor-made to match each customer’s individual risk preference, and are monitored and optimised around the clock."
