Digital wealth manager Scalable Capital has launched a fixed-fee human advice service alongside its online discretionary offering following demand from its "wealthier clients".
The firm will offer clients an initial free consultation that determines whether the firm's human advice services are suitable for the investor, who can then book a session with an adviser for a fixed fee of £200. Often dubbed as a "robo-adviser", Scalable Capital's online service does not offer regulated financial advice but instead what it describes as an online discretionary management service. The previously online-only wealth manager, which employs about 70 people, said it has gathered assets under management of more than £600m from more than 20,000 clients since its launch in Ge...
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