Robo-adviser Scalable Capital readies for UK launch
Robo-adviser, Scalable Capital has begun to board customers ahead of its full UK launch in July after gaining regulatory clearance in February. The startup is currently active in Germany where it is accumulating assets at a rate of around €1m per week. At 75bp, its service charge is higher than many other robo-advisers. The firm’s proprietary technology has a fluid approach to the weighting of asset classes designed to enable investors to capitalise on markets where risk is rewarded, with limiting exposure to excess risk during periods of greater market volatility.

The digital wealth manager invited those who signed up to its UK waiting list to go through the risk assessment process, before seeing their funds go live on the platform. The firm plans to expand in the UK following its launch in early July towards which it has already received £8.8m in funding. Robo-advisers currently benefit from a favourable regulatory environment in the UK. Both, the regulator and government have said they are keen to foster fintech in the UK. The Financial Conduct Authority also launched a specialist robo-advice unit in June to help firms enter the market. Sc...