Source: Scalable Capital Scalable Capital has doubled its assets under management in the past three months and now manages €200 million on behalf of its clients. It is one of the fastest-growing Fintech companies in Europe."Our assets are growing by more than one million euros per day. Our service has really struck a chord with frustrated retail investors who know that they should be making their money work harder but the lack the time or expertise to manage their investments on their own, or who are frustrated with the high costs of traditional solutions. We are addressing this gap with our cost-efficient, technology-driven and intelligent wealth management proposition, " says Adam French, founder and CEO of Scalable Capital.Investments of €40,000 per clientScalable Capital went live in the UK in summer 2016. In January 2017, the Fintech start-up began a collaboration with Siemens Private Finance which selected Scalable Capital as its exclusive partner to offer a wealth management solution to Siemens employees in Germany.The company currently manages approximately 5,000 bespoke ETF portfolios for clients with an average value of €40,000. Scalable Capital’s clients are on average 46 years old and are well educated; more than 90 percent hold an academic degree. Around two thirds of its clients have a background in economics, technology or engineering. Bankers represent the biggest customer group at 20 percent of all clients.
Wealth manager Scalable Capital has doubled its assets under management in the past quarter to reach €200m ($213m). The fund is now one of Europe's biggest and most successful hedge funds, with a portfolio worth more than $US1 billion ($1.3bn). The firm was launched in mid-2016, and joined Siemens Private Finance as an exclusive wealth management provider for the firm's German employees in January 2017.