Discretionary investment manager ETFmatic has launched a robo-advice platform providing exchange-traded fund portfolios to investors in the UK and 16 other European countries.
The platform, which is available online and via a mobile app, will charge 0.5% a year as a management fee. As part of its investing for children campaign, which launches tomorrow (28 October), however, it will not charge any fees to investors under 18. ETFmatic, which launched in January, said it aimed to enable everyone in Europe to easily convert their savings into diversified investments through low-cost index funds that generate "highly efficient market returns". The company's management team is supported by an advisory board, including executives from private banking and fund ma...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes