Germany's largest lender is offering a “robo” service to assemble investment portfolios for the “digital natives” among its clients.

Deutsche Bank has launched a robo-advisor to put together individual portfolios for clients looking to make investment decisions without using advisory services.

The AnlageFinder robo-advisor will be available through Deutsche Bank’s online investment platform, maxblue. Aimed at experienced and first-time investors in equities, AnlageFinder is free for maxblue clients and was developed in cooperation with fincite, a fintech company.

The tool will use algorithms to offer a customised asset allocation, based on the client’s personal opportunity/risk profile. Clients will then be free to proceed with the allocation or change it as they see fit. AnlageFinder will inform clients of potential investment related risks, such as an excessive focus on certain sectors, and highlight investment alternatives.

The robo-advisor will initially be available for use with internet browsers and an app version will be launched in early 2016. Extra enhancements, such as peer-to-peer comparisons and risk management, are also scheduled to appear in the first half of next year.

“With our AnlageFinder robo-advisor, clients can professionally put together their portfolios and optimise their investment outcomes with just a few clicks,” said Markus Pertlwieser, chief operating officer, private and business clients, at Deutsche Bank.

“AnlageFinder provides clients with extensive support in making investment decisions with the help of tutorials and comprehensive financial market information,” he said. “This investment tool helps Deutsche Bank position itself for the digital natives among its clients who are keen on seizing the opportunities offered by capital markets.”

In a recent event held by this publication, experts in the wealth management industry gathered to discuss the complexities of business growth in the information age. They explored the perceived threat of the robo-advisor and unanimously declared that relationship managers are not going anywhere (click here to read more).