Scalable Capital Hits €500 Million in Assets

  • Assets under management have grown fivefold in just 10 months
  • Inflows of 150 million euros through the ING-DiBa partnership in Germany
  • Clients are now older and the share of women is higher - more than a third of investors are over 55

Munich/London, 9th November 2017. Just 22 months after its launch in Germany and 16 months after the launch in the UK, digital wealth manager Scalable Capital manages over 500 million euros of investments for more than 15,000 clients. The Fintech is expanding its position as the clear market leader in Germany and is one of the fastest growing robo-advisors worldwide.

"In the past ten months, we have been able to grow our assets under management fivefold to over half a billion euros. This shows that private investors value the benefits of a technology-driven investment model, cost-effective ETFs and digital usability," said Adam French, Founder and CEO of Scalable Capital.

The cooperation with ING-DiBa exceeds expectations

Scalable Capital's partnership with ING-DiBa, Germany's third-largest bank by number of customers, provided a particular boost to growth: in the first two months of the cooperation, almost 7,000 ING-DiBa customers have already invested more than 150 million euros. So far, no other online wealth manager in Germany has reached 150 million euros in such a short amount of time.

While ING-DiBa is in charge of custody, Scalable Capital manages client investments with its proprietary risk management technology. It is the first fully integrated partnership between a major German bank and a digital wealth manager. The cooperation is likely to be rolled-out to other European markets.

Over a third of investors are over 55

As assets under management increase, so does the age of Scalable Capital’s clients. The average age currently stands at 50 years whereas a year ago it was just 42 years. Over a third of investors are over 55; testament to the fact that digital wealth management is by no means only embraced by Millennials. Rather, it attracts audiences with wealth to invest and previous investment expertise that can appreciate its benefits. Particularly welcome is the growing share of female investors, which rose to more than 20 percent within the past 12 months. Regardless of age and gender, Scalable Capital's clients continue to have one thing in common: they are well educated. Over 90 percent of clients have a university degree. Their most common professions are bankers, economists, computer scientists and engineers.

On average, clients have currently invested £28,000 with Scalable Capital, with new clients significantly increasing their initial investment within the first six months. Nearly half of the clients also use a free savings plan, which is on average at £350 per month. The company also manages many large portfolios. Portfolios with more than £100,000 represent almost a third of assets under management.

About Scalable Capital

With assets under management of over 500 million euros, Scalable Capital is one of the leading and fastest-growing digital investment managers in Europe. Since its launch in Germany in February 2016 and in the UK in July 2016, it has established a leading proposition with strong demand not just from private investors, but also from financial institutions and corporates.

The company currently employs a team of 62, many of them experts in financial econometrics and machine learning as well as software engineering. Scalable Capital creates and manages globally diversified ETF portfolios for its clients to help them achieve their long-term financial goals, supported by a proprietary risk management technology. It aims to make investment management cheaper, better and more accessible.

In June 2017, leading investment manager BlackRock took a significant minority equity stake in Scalable Capital. In addition, the company cooperates with Siemens and ING-DiBa in Germany.
Scalable Capital Limited is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, while Scalable Capital Vermögensverwaltung GmbH is regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in Germany.

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Marianne Slamich
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