Scalable Capital to Offer UK-based BlackRock Employees Access to Digital Wealth Management

Adds BlackRock to its growing number of world-leading partners that already includes ING-DiBa and Siemens Private Finance.

London, 24 October 2017 Scalable Capital is offering BlackRock employees in the UK streamlined access to its technology-driven and cost-efficient investment management service. This agreement follows BlackRock’s strategic investment in Scalable Capital earlier this year, which brought the company’s total funding to €41 million. This is one of many recent agreements that Scalable Capital has entered into as it continues to roll out further partners across Europe.

Adam French, Co-Founder and CEO of Scalable Capital, commented: “When it comes to digital innovations, BlackRock acts exceptionally quickly and decisively. We are very pleased that BlackRock embraces the benefits of digital investment management and that we are given the opportunity to help their UK workforce manage their personal investments using our sophisticated methodology.”

“The quality of Scalable Capital’s technology combined with the simplicity and ease of use make this a valuable proposition to BlackRock employees,” said Patrick Olson, BlackRock’s Deputy Global Chief Operating Officer, and a member of Scalable Capital’s Supervisory Board.

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About Scalable Capital:

With assets under management of over £300 million, 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 has most recently announced a close partnership with ING-DiBa in Germany, to offer over 8 million ING-DiBa customers access to its wealth management, with a deep technical integration into ING-DiBa’s systems. Earlier this year, Scalable Capital announced a partnership with Siemens Private Finance in Germany.
The company currently employs a team of over 60, 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.

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