Wealth management Scalable Capital has doubled its assets under management in the past quarter to over € 200 m ( $ 200 m ) . Scalable 's assets are currently growing by over € 1 m per day , according to CEO David Smith . The company currently manages approximately 5,000 bespoke ETF portfolios for clients with an average value of €40,000. The company 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 .
Wealth management Scalable Capital has doubled its assets under management in the past quarter to over € 200 m ( $ 200 m ) . Scalable 's assets are currently growing by over € 1 m per day , according to CEO David Smith . The company 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 .