Scalable Capital is known for its algorithm-based investment in index funds. Investors determine their risk preferences, and the rest is automated. Now the Munich-based fintech is also offering its wealthier clients personalized advice.
The facility at Scalable Capital continues to operate via a robo-advisor, i.e., automated asset management. The Munich-based fintech now also offers personalized support for investors with at least €100,000 in assets.
Scalable Capital uses WeWork offices
In order to be able to offer consultation appointments outside of Munich, the asset manager uses office space of Coworking company WeWorkThe company regularly arranges interviews in various German cities. Erik Podzuweit, founder and managing director of Scalable Capital, says:
"Wealthy private investors, in particular, know and appreciate the advantages of technology in investing. However, it's also clear that some investors with six- and seven-figure investment sums desire personalized support. We are now fulfilling this desire with this additional offering. This way, wealthy investors benefit from the advantages of technology-based investing without having to forego personalized service."
In personal discussions with financial experts, wealthy private investors can discuss their financial situation and investment goals and clarify any questions they may have about digital asset management.
Scalable Capital claims to be the only digital provider in Germany to manage over one billion euros of client assets. On average, clients invest €35,000 with Scalable Capital. However, portfolios with a volume of over €100,000 account for over a third of the total assets under management. The startup has been cooperating with the Direct bank ING-Diba and was able to generate more than half a billion in assets under management.
