Digital wealth manager Scalable Capital announced that it has been awarded Financial Innovation of the Year at the Online Personal Wealth Awards. This reflects its use of technology to improve the investment process itself, not just the user interfaces, truly breaking new ground in wealth management.
Since its launch last year, Scalable Capital has fundamentally changed investing by using technology at the heart of its service. Scalable Capital uses a data-led investment approach to build and manage globally diversified ETF portfolios designed to create long-term wealth for private investors.
“We are thrilled to be recognised for innovation. The service we provide has never been available to retail clients before and we believe that it is changing investing for the better. Our lower-cost service makes discretionary investing accessible to everyone without sacrificing quality”, said Scalable Capital Founder & CEO Adam French.
Dr Ella Rabener, UK Founder & Global CMO of Scalable Capital added: “We are bringing a sophisticated investment methodology to a broad audience which has really struck a chord with frustrated private investors. We were delighted when we passed the £200 million milestone, making us the fastest-growing online wealth manager in Europe.”
Scalable Capital went live in the UK in summer 2016 and also operates in Germany and Austria. In January 2017, the fintech start-up began a collaboration with Siemens Private Finance which selected Scalable Capital as its exclusive partner to offer a wealth management solution to Siemens employees in Germany.
The company currently manages approximately 6,000 bespoke ETF portfolios for clients with an average value of £35,000. Scalable Capital’s clients are 46 years old on average and are well educated; more than 90 percent hold an academic degree. Around two-thirds of its clients have a background in economics, technology or engineering. Bankers represent the biggest customer group at 20 percent of all clients.
Scalable Capital promises to be a great company of tomorrow, as endorsed by CNBC when it selected the company as the only European startup to join the exclusive CNBC ‘Upstart 25’ list. CNBC created the list to reflect their views on the brightest, most intriguing technology-driven startups.
To learn more about what makes Scalable Capital one of the most disruptive companies in the world of finance, please visit www.scalable.capital
About Scalable Capital
Just a year since its launch in the UK, Scalable Capital is now the fastest-growing digital wealth manager in Europe. It already manages more than £200 million assets for 6,000 clients and is growing at a rate of £1 million a day. It operates in three countries (Germany, UK and Austria).
Scalable Capital has fundamentally changed investing by using technology at the heart of its service. It combines a data-driven investment process, low fees and exemplary client service to deliver three key outcomes:
A better understanding of risk. Its technology allows the company to drop vague risk labels like “balanced” or “conservative”. Instead, it provides clients with a percentage which quantifies the potential downside in a bad year. No more guessing.
Better risk-adjusted returns. It aims to generate a better return for every unit of risk taken and focuses on downside risk. Investors don’t get rewarded for exposure to the excess risk associated with more volatile markets. The dynamic risk management used by Scalable Capital smoothes returns during these periods of extreme volatility.
Less emotional stress. By keeping risk stable in all market conditions, Scalable Capital helps clients stay invested in markets for longer so they can grow their wealth in the long term.
Built by a team of 50 experts spanning finance, technology and academia, Scalable Capital has created a service which makes investment management cheaper, more accessible and more convenient. It does this by using technology every step of the way. As CNBC recently summarised: “Online investing made better, not just cheaper”.