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micobo GmbH| Robo Advisory Update March 2019
English Version
01.03.2019 Key figures of the market leader Scalable Capital
At the end of 2017, Scalable had EUR 640 million assets under management. Of these 640 million euros, sales of 1.2 million euros were generated by fees. Turnover at the end of 2018 was approximately EUR 4 million, with around EUR 1.5 billion in customer funds under management.
However, due to the strong growth course, the company is still in deficit and has made a loss of about 14 million euros since its start and until the end of 2017, with a further loss of about six to seven million euros expected for 2018.
Other interesting figures include the estimate that 140 euros per new customer is spend as marketing expenditure, with an average investor investment of 35,000 euros generating around 126 euros in turnover for Scalable. Furthermore it is to note, that the business in Great Britain is relatively irrelevant with a turnover of only 65,000 euros in 2017.
02.03.2019 Oskar as new Robo Advisor for children
Oskar is a new digital asset management solution that aims to provide an investment and savings opportunity for children. Savings plans are possible from 25 euros per month and one-off investments starting at 1,000 euros, whereby investments are made in a broadly diversified ETF/ETC portfolio. In addition, a free payout…
