A group of select clients on the waiting list will be guided through Scalable Capital’s risk assessment module before their funds go live on the platform. The Germany-based company received approval from the FCA in February and will open up to the general U.K. public in early July.
Scalable Capital seeks to make investment management available to everyone with a flat fee structure of 0.75% p.a. The company differentiates itself with risk management technology that lets clients select from more than 20 different risk categories. Scalable Capital uses Monte Carlo simulations to determine if the client’s portfolio selections will breach their risk limit and automatically rebalances their portfolio until it fits within their specified tolerance.
In March, Scalable Capital raised $7.9 million to grow its client base and expand into additional markets. The company now boasts $12.4 million in total funding. Co-founder and Co-CEO Erik Podzuweit, along with Co-founder and U.K. Managing Director Adam French debuted Scalable Capital at FinovateEuorpe 2016 in London.