Digital wealth manager Scalable Capital is now 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.
Scalable Capital has assets under management of over £600 million and more than 20,000 clients.