London, 10 January 2018 Digital wealth manager Scalable Capital is now also offering its service in Switzerland. This is the fourth country (after the United Kingdom, Germany, and Austria) in which the fintech firm offers its service.
"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," said Simon Miller, Co-founder of Scalable Capital.
Scalable Capital has now launched a website specifically aimed at Swiss customers, as well as a Swiss customer hotline. Its German custodian bank partner, Baader Bank AG, will provide specific tax reporting. The Munich-based bank will also be the custodian bank for all Swiss customers and manage their portfolios in euros. Due to their popularity in other countries, there will be regular roadshows held by the founders in Switzerland, and Swiss customers can also use Scalable Capital’s webinar offering.
The firm’s quick regional expansion is enabled by its scalable technical infrastructure, which has been designed for multiple languages, currencies as well as tax and regulatory systems. With the licence of the German regulator, BaFin, the fintech also has an EU-wide approval and can offer its services across the EU without having to go through lengthy additional application processes.
About Scalable Capital:
With assets under management of over £600 million and more than 20,000 clients, Scalable Capital is one of the leading digital investment managers in Europe, serving investors in the UK, Germany, Austria and most recently also Switzerland.
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. Through its successful partnership with Germany’s third-largest retail bank, ING-DiBa, it attracts hundreds of new clients each week. Scalable Capital also partnered with BlackRock in the UK and Siemens Private Finance in Germany to promote its wealth management service to the companies’ respective employees.
Scalable Capital currently employs a team of over 70, 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.
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.
For more information, please visit - www.scalable.capital/
Phone: +44 (0)203 750 0703