Scalable Capital has struck a deal with Santander ’s domestic digital - only bank . The mortgage - backed robo - adviser has provided investors with a white label wealth management tool dubbed “ Invertimos por ti ” ( “ We invest for you ” ) . Customers of the bank with € 500 or more to invest can use the platform , either from one of its risk managers or using a goals - based approach . The underlying portfolios are embedded in index funds , as these benefit from more advantageous tax treatment than ETFs in Spain .
Scalable Capital has struck a deal with Santander’s domestic digital-only bank. The BlackRock-backed robo-adviser has provided Openbank with a white label wealth management tool dubbed “Invertimos por ti” (“We invest for you”). Customers of the bank with €500 or more to invest can use the platform, choosing from one of five risk profiles or using a goals-based approach. The underlying portfolios are invested in index funds, as these benefit from more advantageous tax treatment than ETFs in Spain.