Scalable Capital Launches In Switzerland

Robbie Lawther

11 January 2018

Digital wealth manager has launched its services in Switzerland, adding to its footprint in Europe and a sign of the march of robo-advisor business models.

This is the fourth country, after the UK, Germany, and Austria, in which the fintech firm offers its service, Scalable said in a statement.

It has now launched a website specifically aimed at Swiss customers, as well as a Swiss customer hotline. Its German custodian bank partner, Baader Bank, 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.

There will be regular roadshows held by the founders in Switzerland, and Swiss customers can also use Scalable Capital’s webinar offering.

"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," said said Simon Miller, co-founder of Scalable Capital. "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."

The firm has assets under management of over £600 million ($812 million) and more than 20,000 clients.

In December, this publication reported that Scalable Capital had appointed Thiemo Krink as chief investment officer, a newly-created role.