French robo-adviser Advize reports 2015 returns
French robo-adviser Advize analyses individuals’ risk profiles through a proprietary technology and allocates savings investments according to the risk profile matches defined by its tool.
Five different risk profiles are established. Net returns for 2015 have been from 3.30% for the most prudential profile to 11.93% for the most offensive with low volatility.
The fund selection is operated by Morningstar’s analysts. Advize’s team monitors portfolios and proposes adjustments to their clients through alerts.
Assets are invested through an online multi-investment life insurance contract backed by Generali.
The robo-adviser said its users were invested at over 65% in unit-linked accounts against average 20% on the online market.
Advize added that 90% of the adjustments recommended to clients are followed by them, showing co-managing portfolios alongside clients was an added value service.
The Advize group, which is managed by Advize’s CEO Olivier Gentier and founder Nicolas Marchandise, tallies 3,000 users.
Advize has been established in 2012 as the first French robo-adviser. It expects to soon welcome new financial investors through a “significant funding operation”.
The firm has recently announced some developments, in particular in its offering which has been extended to securities accounts, equity savings plans, collective pension savings plans, and new investments such as ETFs.