Robo-adviser 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. The service charges a 0.75% flat fee, which includes investment management, account management, custodial charges and all trading costs, plus an average of 0.25% for the ETFs used. Founder and CEO Adam French said: "Our assets are growing by more than €1m per day. Our service has really struck a chord with frustrated retail investors who know that they should be making their money work harder but lack the time or...
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