as of 30/10/2019 at 11:42 am
Scalable Capital is a new-ish robo-adviser which creates investment portfolios using clever systems and algorithms to manage and minimise risk in portfolios. Human intervention is minimal.
There are set portfolios, so you can’t pick your own individual funds or shares. There's also a minimum investment of £10,000. Portfolios are named for the amount of investment risk that they are taking – a 10% VaR (Value-at-Risk) portfolio shouldn't drop in value by more than 10% in 19 out of 20 years. As you might have gathered, this is an option which will probably appeal to engineers, traders and City folk at first.
They secured funding from BlackRock, the world's largest asset manager, so that's a decent vote of confidence!
Costs are around 0.99% per year, including investments.
New robo-adviser, also serving customers in Germany, Austria and Switzerland.
£10000 minimum initial amount
|12 month indicative performance:||
A medium risk portfolio returned 4.0% in 2017, after charges.