Scalable Capital has raised a further €25 million (£22.9 million), from existing shareolders as it seeks to expand its operations.
„Why would an investor turn to their local high street adviser when they can receive a tailored online service at a time and place convenient for them?“
Tiller Investment, Scalable Capital and Wealthsimple have been rated among the top automated advisers in the UK by F&TRC's Digital Wealth Insights business.
Robo-advice can be more consistent than human advisers, according to chief executive of Scalable Capital.
The author made his 20-something nephews compare robo-advice websites with some advisers' sites and concludes: "The verdict was massively in favour of the robo-advice".
Scalable Capital, the online investment management firm launched in 2016 in the UK and Germany, has hit €1 billion (£873 million) in assets under management.
Scalable Capital has amassed 1 billion euros ($1.2 billion) in assets under management, the company said Tuesday, joining the ranks of the largest independent firms.
Advisers have nothing to fear from Scalable Capital, Adam French, co-founder of the Blackrock-backed digital wealth manager, tells International Adviser.
The European robo-advice market is catching up quickly with its U.S. counterpart. The WSJ reports on the differences between the markets and quotes our UK CEO Simon Miller as saying "It almost feels like the coming-of-age for robo-advice, because all of the incumbent firms have woken up to it".
UK robo adviser Scalable Capital has started offering its service in Switzerland. Switzerland is the fourth country after the United Kingdom, Germany and Austria where the business offers its services.
Scalable Capital, the European online robo-advice company backed by BlackRock, is launching over-the-phone and face-to-face consultations for a one-off fee of £200 from January after finding a number of clients wanted to talk to human advisers rather than answering its online questionnaire alone.
Dr. Ella Rabener, UK Founder & Global CMO of Scalable Capital, is one of the few female FinTech leaders. She explains how the team at Scalable Capital are playing a crucial part in educating consumers in the UK, Germany and Austria about the potential of FinTech and the new area of banking.
The Economist reports on our successful partnership with ING-DiBa. In the first two months of the cooperation, almost 7,000 ING-DiBa customers have already invested more than 150 million euros.
Scalable Capital is offering UK-based BlackRock employees streamlined access to its investment management service as it expands its reach to a wider audience.
Risk labels have become meaningless and may mislead investors, according to digital wealth manager Scalable Capital.
When investing, there are several paths you can take. You can do it yourself, go down a guidance route, or get someone to make decisions on your behalf. Navigating these differences can be confusing, even for savvy investors. Our CEO Adam French details the things to consider to help you make the right choice.
ING-DiBa is expanding its retail banking offering by including online wealth management, delivered by Scalable Capital. The offer is available to all ING-DiBa customers in Germany from 15 September 2017.
The partnership is a pilot project. The ING Group may introduce Scalable Capital’s online wealth management into other European markets besides Germany.
Erik Podzuweit, founder and CEO of Scalable Capital, commented: “ING-DiBa is the ideal partner for us. When it comes to digital innovations, they act exceptionally quickly and decisively. In addition, they will give us immediate access to more than eight million customers.”
The European ETF market may grow to $1.1 trillion by 2020 from $725 billion now. In June, BlackRock purchased a stake in Scalable Capital, as the firm seeks to provide Europeans with a variety of investment choices whether through digital advice or low-cost products that help consumers invest over the long term.
Aidan and Josie are clients of Scalable Capital. After reading our White Paper and finding out about our management team, they decided to give us their portfolio to manage. They explain to The Times why they have chosen to invest with us and how they've found our service so far.
Scalable Capital is looking at partnering with commercial entities such as retailers to offer a white labelled robo-advice proposition.
In a roundtable, our CEO Adam French discusses the distinction between advice and guidance - a hot topic which has been at the heart of the Financial Conduct Authority’s Financial Advice Market Review. He also highlights concerns around the value of restricted advice.
How many robo-advisors can the market take? Watch the fireside chat between our CEO Adam French and Charlotte Ransom of Netwealth, moderated by Selin Bucak at Citywire.
Scalable Capital has been selected as a Top 50 FinTech Startup in 2017 and is featured prominently in the Fintech 50 YearBook.
Innovate Finance has announced the opening for submissions to its 2017 Women in Fintech Powerlist. Our UK Co-Founder Dr. Ella Rabener pointed out that there are ‘too few women working in fintech, which is a shame as we're all working on topics that have an impact not just on our sector but on the lives of millions of people. We can make a real difference and since both the finance and the tech industry have been shaped by men for decades, it's about time for women to bring in their perspectives too'.
The majority of even the wealthiest investors think financial advice is too expensive, according to a poll of people with at least £150,000 to invest. The research comes as a new wave of "robo-advice" services are launched, which use technology to create online wealth management services at a lower cost than face-to-face advice.
Scalable Capital announced the signing of a €30m funding round, led by BlackRock alongside existing investors Holtzbrinck and Tengelmann Ventures. This funding round is one of Europe’s largest for a digital investment manager to date.
Too many financial professionals grossly underestimate the vagaries of the stock market, to the detriment of investors. Read the contribution of our Founder Prof. Mittnik in The Economist's Intelligence blog Perspectives.
Speaking at an event on robo-advice, our CEO Adam French explained how we can help financial advisers reach the next wave of clients.
In an interview for Money Marketing, our Founder and CEO Adam French says that Scalable Capital targets €500m within a year as it vies for bank and asset manager business.
Scalable Capital has been named as one of the hottest 50 Fintech startups in Europe. The list showcases the 50 European fintech firms - as picked by a gaggle of industry experts - doing the most to transform the financial services industry. We were selected from over 1500 European FinTechs.
Modern technology has opened bespoke wealth management up to the masses. But what will this mean for the traditional multi-asset fund approach to investing? An opinion piece of our Founder & CEO Adam French.
Our Founder & CEO Adam French puts the case for active risk management of passive ETF portfolios as an alternative to both the active and buy-and-hold approaches to investment
The label ‘robo-advice’ is misleading for a number of reasons. There are no robots who give advice, but also, most of the firms that have been described as such do not even offer advice.
In the past five years, digital managers have used technology to lower costs, improve transparency and create a better user experience, in comparison with their more traditional counterparts. Some of these digital managers such as Scalable Capital are using technology to improve the investment process so that the personalised portfolios previously available only to the super wealthy and institutional investors are within reach of the mass market. Read the opinion of our CEO Adam French in Investment Adviser.
Many of us haven’t got the time, knowledge or the disposition to pick great funds on a regular basis. Actively managed funds can cost a fair bit in fees and they aren’t guaranteed to beat the market, so low charges are a priority. Many also want easy access via apps, and better, more transparent reporting of returns. MoneyWeek author David C. Stevenson suggests the answer is to look at the fast-growing “robo-advice” sector.
Fintech firm Scalable Capital has announced that it has doubled its assets under management to €200 million (£172.7 million) over the past three months.
Online investment manager Scalable Capital has doubled its assets under management (AuM) in the past three months, now managing €200m (£172m) on behalf of its clients. The company, which first launched in the UK in July last year, currently manages approximately 5,000 bespoke ETF portfolios for clients with an average value of €40,000 each.
In Episode 6 of AltFi's Millennial Money Matters, Scalable Capital CEO Adam French shares some great tips on how to be thinking about investing and risk.
This week marks the first anniversary of the government’s groundbreaking Women in Finance Charter. This outlines four actionable ways companies can help female talent rise to the top. Scalable Capital, along with 122 firms – and almost half of all UK financial services staff – have pledged their commitment to improve gender balance in financial services.
In an interview with Mike Baliman for the London Fintech Podcast, Scalable Capital Founder & CEO Adam French discusses how the second wave of online wealth managers give retail investors access to a personalised investment service, thanks to technology.
It doesn't take a genius to notice that we are in deeply uncertain political and economic times. The events of 2016 will have repercussions for many years, and times have never been more challenging for investment managers trying to navigate these unpredictable waters.
As the deadline for the end of the tax year looms, many are rushing to fill their Isa allowance for this year. But amid the scramble to lock away as much tax-efficient savings as possible, investors should not forget the key investment rules. Tip 21: online investment services such as Scalable Capital take care of your investments for you, at low cost.
Digital investment manager Scalable Capital has been selected for CNBC’s exclusive ‘Upstart 25’ list. CNBC created the list to reflect their view on the brightest, most intriguing technology-driven startups promising to become the great companies of tomorrow.
Scalable Capital has been selected as a finalist of the ETF.com Europe Award competition in the category Robo Advisor of the Year for Europe – 2016. The award goes to the firm providing the best online, lower cost and technologically efficient investments for clients.
Research conducted by YouGov and robo-investment manager Scalable Capital found only 30pc of women over the age of 18 have started saving for retirement, compared to 38pc of men. Women are also less likely to invest their other savings - according to the research, 17pc of women are or have previously been invested in stock markets, compared to 31pc of men.
In an interview for Citywire, our Founders Adam French, Ella Rabener and Simon Miller explain how they are changing the face of financial services, for the better.
Bank of England Governor Mark Carney has robo-advice on his mind. For him to be speaking about a nascent industry, he must believe that firms using technology to help manage people’s money will grow to become a significant part of the market. However, in his recent speech, he appears concerned about robo-advisors becoming a risk to our financial system, arguing they may lead to excess volatility or increase pro-cyclicality as a result of herding. Adam French, CEO of Scalable Capital, says this attack on robo-advice is misinformed for several reasons.
In a recent speech, BoE Governor Mark Carney recognised FinTech’s huge potential but he warned of potential systemic risks for the financial system, which could notably be caused by robo-advisors. Our CEO Adam French responds to the concerns.
Siemens Private Finance (SPF), the German electronics giant's financial division, has partnered with Scalable Capital to offer the fintech's services as an investment benefit to its current and former employees and their dependents in Germany.
In Citywire, our UK Founders Adam French, Simon Miller and Dr. Ella Rabener express their views on the prospects for disruptors in the wealth management sector.
Scalable Capital has reached the milestone of €100m in assets under management (AUM) just 10 months after launching in Germany and four months after expanding into the UK.
Tech City News has selected our Android app as the "download of the week". The new app gives Android users full access to their portfolios on the go.
Citywire reports that Scalable Capital has hit €100 million (£84 million) of assets under management. The article also reveals that the largest client group of Scalable Capital is bankers, comprising 20% of its clients. Their average age is 42 and 90% have an academic degree.
Business Insider reports that European digital investment manager Scalable Capital has passed over €100 million (£83.8 million) in assets less than a year after launching.
FT Adviser reports that Scalable Capital is already working with IFAs and is close to signing deals with other financial institutions which will sell on its product. Adam French, Founder and Managing Director of Scalable Capital, is quoted as saying: “I do not think we disrupt the IFA market, we complement it. (…) We provide a solution which they have never had access to before.”
City AM runs a portrait of our Founder and Managing Director Adam French. The editor Harriet Green reports that Adam French left Goldman Sachs with the aim to provide institutional-level investing to retail investors. Adam French is quoted as saying: “The traditional investment industry relies on ‘expertise’ and active management. We want to remove that. We know that technology can do so much better when it comes to money management than humans can because it’s unemotional, and millions of eventualities and processes can be simulated.”
The Daily Mail reports that Scalable Capital is part of the ‘second generation’ of robo-advisers and uses a tech-heavy approach to investing.
Our Founder and Managing Director Adam French urges the UK government to simplify investing in a statement published in Citywire.
Ahead of the Autumn Statement, our Founder & Managing Director Adam French urges the government to simplify pensions and investments in an op-ed for City A.M.
Citywire lists the top 12 UK digital wealth moments of 2016. It reports that on 23d September, Scalable Capital revealed that it has seen up to £3m weekly AUM growth since it launched in the UK in June.
In FT Adviser, our Founder Prof. Dr. Stefan Mittnik discusses the long-term impact of Brexit on Fintech and robo-advice firms.
According to a report by Business Insider’s Intelligence Unit, robo-advisors are likely to arrive in full force within the next few years. Scalable Capital in particular is mentioned in the report as being one of the few robos to thrive in the market thanks to its unique selling point – its risk management technology.
According to a report by US broker Bernstein, robo adviser have a real survival battle as more established players look to acquire. Adam French, Founder and CEO of Scalable Capital, highlights that the report lacks a full understanding of how the industry has developed. He states: “while they’re absolutely right that standardised products based on buy-and-hold passive investment strategies will find it difficult to compete, they have not taken into account the innovation that is taking place with regards to the investment methodology itself – replacing a simple buy-and-hold strategy with advanced, technology-enabled strategies that were previously only available to institutional investors.”
Much has been made about the ‘rise of the robo’. In an op-ed for Money Observer, our Founder Adam French analyses how the second generation of “robo-advisers” use technology not just to change the packaging of the investment product but to change the product itself.
The Telegraph analyses what to consider before investing with a ‘robo-advisor’. According to Helen Oxley of Winterflood Business Services, a key element to look at is the investment strategy. Scalable Capital is mentioned in the article as one of the digital investment managers available in the UK.
Financial News runs through the apps you need to make managing money in the day-to-day a breeze. Our mobile app is a “must have” which allows you to check your investments on the go.
In an interview for Jazz FM Business Breakfast, our UK Founder Dr. Ella Rabener discusses the topic Women & Investing. Why do women invest less on capital markets than men? How can we change the status quo?
Our Co-Founder Dr. Ella Rabener sits down with Georgia Hanias, Head of Communications at Innovate Finance, the UK’s trade body for financial innovation. They discuss the future of investing, entrepreneurship and the unique investment proposition of Scalable Capital.
Personal Finance blog Reaching Aspiration reviews our service in an in-depth post. According to the author, Scalable Capital is “the best thing to happen to Investment Management since the advent of low cost index funds.”
Our Founder Prof. Mittnik challenges the simplified assumptions of Modern Portfolio Theory. He explains how technology allows Scalable Capital to implement portfolio allocations that are more reliably aligned with clients’ risk/return preferences.
In an in-depth interview with the blog BlueDun, Dr. Ella Rabener, Co-Founder and CMO of Scalable Capital, discusses our investment technology and shares thoughts on investing and ‘robo-advice’.
Adam French, Co-Founder and Managing Director of Scalable Capital, discusses the need for risk management when investing in an interview with London Live. The wealth management industry has been poor at quantifying risk for UK clients by labelling portfolios and funds with “vague terms such as ‘moderate risk'”. Adam French says it is important for investors to carefully consider how much of their capital they are comfortable putting at risk when investing.
According to research carried out by YouGov on behalf of Scalable Capital, a quarter of investors are more worried about fluctuations in their investments now than they were before the Brexit vote. Adam French, Co-Founder of Scalable Capital, says the wealth management industry has been poor at quantifying risk for UK clients by labelling portfolios and funds with ‘vague terms such as moderate risk’.
Research conducted by YouGov on behalf of digital investment manager Scalable Capital has revealed that a quarter of investors are more concerned about fluctuations in their investments than they were before the vote to leave the EU. Just six per cent of respondents to the survey are less worried. The survey was conducted across an audience of over 1100 investors in September 2016.
Citywire reports that Scalable Capital has seen €2-4 million (£1.5-3 million) weekly AUM growth since its launch in the UK four months ago.
According to a report by Business Insider, Scalable Capital is attracting as much as €4 million (£3.4 million) a week in new deposits just 9 months after launch. The startup already has 1,600 customers, up from 1,200 in August, and 50% of those have set up a “monthly savings plan” that sees them deposit an average of €450 (£386) each month, which helps explain why the cash is stacking up.
Our UK Founder & Global CMO Dr. Ella Rabener takes part in the FinTech Insider podcast on the topic AI, Bots and Machine Learning.
As interest rates have been driven to record lows, German savers are increasingly open to alternatives, the Financial Times reports. Adam French, Co-Founder and Managing Director of Scalable Capital, is quoted as saying: “My concern was that people would be too risk-averse. But we’re seeing the complete opposite. And that’s a consequence of low interest rates.”
Canadian newspaper Globe and Mail interviewed our UK Co-Founders Dr. Ella Rabener and Simon Miller to find out how we’re shaking up the City.
A new research paper by Finextra explores the rise of “robo-advice”. Adam French, Co-Founder & Managing Director of Scalable Capital, is cited in the report. He explains how digital investment managers will reshape wealth management in the future.
In an interview with Share Radio, Dr. Ella Rabener, UK Founder & CMO of Scalable Capital, discusses why women shy away from investing and what FinTechs can do to help them overcome that.
Rebecca Hampson at ETF Strategy talks to Adam French, co-founder and managing director of Scalable Capital, about why it has launched in the UK, why ETFs and whether being a robo-advisor is financially viable.
Adam French, Founder and Managing Director of Scalable Capital, says the old ways of investing are based on assumptions that do not hold. He explains how Scalable Capital instead uses a data-driven approach for clients.
The Bank of England has cut interest rates to an historic low of 0.25%. Our UK Founder Dr. Manuela Rabener discusses in Financial News how this cut might bring opportunities for robo-advice, as savers start looking for alternatives to Cash ISAs.
Chartered Banker Magazine features an article on “Robo-Advice: Innovation vs Regulation”. In the article, our UK Co-Founder and Global CMO Dr. Ella Rabener highlights that being held to the same standards as a traditional financial services provider is essential. However, she does not believe that the term ‘robo-advice’ suitably reflects the products and services being offered.
Scalable Capital is the latest start-up to come to market in the fast-growing robo-advisory and investment space. A client can put their money in a Scalable Capital account and then choose their risk level. Unlike traditional funds that use terms like “medium” or “high” risk, Scalable gives it as a percentage. So far, the start-up has 1,000 invested clients and is hoping to sign up a lot more now that it has launched in the U.K.
Scalable Capital, one of Europe’s newest digital investment managers, is now live in the UK market. Clients can apply for an invitation, and once approved, they can invest the same day. Moreover, this solution makes institutional-level investing accessible to retail customers at little cost.
Holly Mackay provides an overview of robo-advisers in a new section of Boring Money’s website, and we’re mentioned as a brand new player.
Holly Mackay, Founder of Boring Money, explores in an opinion for Money Observer the differences between UK robo-advisers. She notably mentions Scalable Capital, which “does not believe its role to be giving advice. It builds tax-efficient portfolios and adopts an investment methodology called ‘volatility clustering’. This is all algorithm stuff and human intervention is minimal”.
Citywire reports on how robo-advisers reacted to the ‘Brexit’ referendum. The algorithm-based investment approach of Scalable Capital involves rebalancing client portfolios according to projections of future market risk. In the run up to the referendum, the algorithm notably reduced the equity allocation in the portfolios.
In an interview for BBC Radio show Good Morning Scotland, our Founder Adam French discusses volatility on the markets and the necessity of risk management when investing.
How do you invest in a post-Brexit world? In an interview for Share Radio, Adam French, the UK Managing Director at Scalable Capital, gives insights into dynamic risk management which has helped clients in times of market volatility.
The Telegraph reports about Scalable Capital’s dynamic risk management pre- and post-Brexit. The journalist notably explains how Scalable Capital’s technology, based on “volatility clustering”, reacted to increased volatility in shares as far back as early 2015.
In an interview with The Fold, Ella Rabener, UK Founder & CMO of Scalable Capital, discusses her career journey as a startup entrepreneur. She details how Scalable Capital is a disruptor with a new approach to digital investment management, using technology to invest in a smarter way.
In an interview with Wall Street Journal editor Sarah Lockett for The Business Debate, Adam French, Founder & Managing Director of Scalable Capital discusses a new approach to digital investment management. He explains how Scalable Capital uses a dynamic risk management technology, that uses forward looking projections to keep the risk in each portfolio constant over time.
European robo-adviser Scalable Capital has welcomed its first clients after getting a green light from the Financial Conduct Authority. The firm raised £5.6 million to fuel its UK expansion in March, taking its total capital up to £8.8 million. Managing Director Adam French is reported as saying: “We believe that Scalable Capital fills a gap in the wealth management market for clients that want access to a smart investment strategy at low cost, and we’re excited at the growth potential of the UK market.”
Scalable Capital has taken on its first set of clients ahead of a full UK launch in July. The company is already active in the German market, where it is growing by about 1m euros in assets per week. Its service rests on a proprietary technology, which allocates investors exchange traded fund (ETF) portfolios based on their risk appetite.
Is Robo Advising the next big thing in FinTech? In an interview with FinSMEs, Ella Rabener, UK Founder & Global CMO of Scalable Capital, explains how digital investment managers are able to deliver a better service for their clients at a better price. She also outlines the future plans of Scalable Capital.
“Why does the world need another robo-advisor?”, the founders of Scalable Capital asked from the Finovate stage in London earlier this year. Finovate journalist David Penn reports on what makes Scalable Capital unique: its risk management technology.
What does the future hold for risk technology? After the financial crisis, investors now take risk seriously. According to our co-founder Adam French, a forward-looking and predictive approach is paving the way for a more robust assessment of risk. He says: “cloud computing enables us to run millions of simulations in a cost-effective way so that portfolios can be optimised on an individual investor basis without the flawed assumptions we used to rely on”.
As the robo-advice market heats up, Scalable Capital, which started operating in Germany last year, is the latest new entrant. Scalable Capital will offer ETF-based investment portfolios that meet a range of risk profiles, with the aim of providing investors with the best risk-adjusted return.
FT Adviser reports that while Scalable Capital’s service is aimed primarily at retail investors, Adam French, Founder and Managing Director said he has also seen interest from independent financial advisers. He said: “It’s not just an intelligent way to manage their clients’ money, but it also has the benefit it can handle smaller investment amounts, is scalable and comes at a very competitive price.”
Business Insider reports that Scalable Capital has raised £5.6 million in a Series A funding round to support its growth. Adam French, Managing Director of Scalable Capital, told Business Insider ahead of the funding announcement that “this is something retail investors have never had access to before.”
In an overview article on robo-advisers in the UK, Business Insider editor Oscar Williams-Grut introduces Scalable: “Scalable Capital raised €4 million in seed funding last year and gained its licence three months ago, launching in the UK and Germany. At the heart of its model is an investment algorithm that forecasts risks and then will spit out the optimal portfolio.”
Scalable Capital co-founder Adam French writes in a letter published by the Financial Times on digital investing: “Digital investment managers use technology to offer a different proposition to a new generation of investors. It addresses the issues of both transparency and cost (typically at around one-third of the fees) and, in doing so, opens up the market to big swaths of the population who were previously excluded.”
According to Adam French, Co-Founder and Managing Director of Scalable Capital, 2016 will be an incredible year of opportunity for wealth management in the UK and a time when the client proposition moves to the next level, ultimately at the benefit of the investor.
Ella Rabener, Co-founder & CMO Scalable Capital, is interviewed by Anne Ravanona as part of a series on Trailblazing Women role models around the world. She notably discusses her achievements and the challenges of being a female entrepreneur, and her vision for Scalable Capital in the coming years.
In an overview article on robo-advisers in the UK, Financial Times editor Aime Williams outlines that tech-savvy start-ups have grown rapidly, positioning themselves as an alternative to traditional wealth managers.
Scalable Capital has recently been granted a licence from the Financial Conduct Authority in the UK. Adam French, chief executive of Scalable Capital, said European robo-advisers are keen to move across the Continent quickly to build scale.
“Europe combined is a big market that can be served with a limited amount of overhead,” said Adam French.
In an interview with ex-Goldman Sachs Executive Director Adam French, thewealthnet outlines that Scalable Capital has big plans ahead. The company has recently received regulatory approval in the UK. It uses investment techniques which were previously reserved to large institutional investors and makes them available to retail clients.
In a video interview for Fintech.Finance at Finovate Europe 2016, Adam French and Erik Podzuweit discuss what makes Scalable Capital unique: its risk management technology. They give their views on the current unbundling of financial services and their impression of the Finovate event.
Finance Magnates reports on the demo of Scalable Capital at FinovateEurope 2016. When he started his presentation, Co-Founder and Managing Director Adam French notably asked a question on many people’s minds: “Does the world need another robo?”
The fact is that Scalable Capital is not just another robo. The article highlights that for the first time, Scalable Capital puts institutional risk management technology in the hands of retail investors.
Bob’s Guide editor Madhvi Mavadiya reports on FinovateEurope 2016. She notes that Scalable Capital is a disruptor in the world of finance. Scalable Capital is more than a digital investment manager as it uses recent market data to dynamically adjust its portfolios.
Adam French, co-founder and managing director, believes that “just because risk in the market is constantly changing, it doesn’t mean risk in your portfolio should.”
The Financial Times reports that video messaging app Snapchat is working on a robo-advice service. Given the complexity and regulations around investing, researchers are not convinced that Snapchat will have a competitive advantage with respect to designing the next generation of digital investing platforms. Other players have already positioned themselves in the market, including FinTech startup Scalable Capital.
Financial News journalist Anna Irrera reports that many startups have been created in the last couple of months, which offer automated investment services based on analysis of a customer’s lifestyle and risk tolerence, implemented mostly through purchases of exchange-traded funds to keep costs low. Recently, the biggest asset managers also appear to have woken up to the possibilities of robo-advisory.
Erik Podzuweit is chief executive of Scalable Capital, a robo-adviser based in London and Munich. He said: “Not everyone will survive, obviously, but there are a couple of niches, of flavours that are developing right now and you have to be the best one in your sector.” Scalable Capital, for example, differs from competitors because of its sophisticated risk-based asset allocation strategy.