Robo-adviser launches in Switzerland

Digital wealth manager Scalable Capital has added to its UK, Germany and Austria offering by opening an office in Switzerland.

Robo-adviser launches in Switzerland

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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.

German custodian bank partner, Baader Bank AG, will provide tax reporting.

The Munich-based bank will also be the custodian bank for all Swiss customers and manage their portfolios in euros.

“Switzerland is an interesting market for every wealth manager,” said Simon Miller, co-founder of Scalable Capital.

“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.

The company has assets under management in excess of £600m ($811m, €678m) and more than 20,000 clients.

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