Robo adviser Scalable Capital is set to open a new office in Austria, the group announced today.
The launch comes just months after the launch of its Munich office, the group now has a presence in the UK, Germany and Austria.
“Austria is a very interesting market for us, partly due to the low language barrier. More importantly, Austrians tend to have a similar savings pattern to the Germans, they save a lot but they also save wrong, which leads to massive savings shortfalls. We aim to address this by offering our services as professional and affordable wealth manager” comments Florian Prucker, co-CEO and co-founder of Scalable Capital.
Scalable Capital launched in 2014, it offers clients a portfolio of global ETFs combined with its in-house risk management strategy, the start up is regulated by British FCA and German Bafin.