Fintech startup Scalable Capital is now expanding its services to target Swiss clients, the group announced.
Having been launched in 2016 by three former Goldman Sachs executives and a professor in financial econometrics, Scalable Capital now manages €600m on behalf of 20.000 clients in Germany, the UK and Austria.
Through its partner institution Baader Bank AG, Scalable Capital now offers its Swiss clients tax reporting services and a separate website and client hotline for the Swiss market.
“Switzerland is of course an attractive market for every asset manager. But we wouldn’t have taken this step if we weren’t in the position to offer real added value to Swiss retail investors. As the only independent robo advisor in Europe, we offer three essential elements to a genuinely client-friendly product: Professional risk management of portfolios, low costs and a comprehensive digital service offering with a unique level of transparence” claims Scalable co-founder Erik Podzuweit.