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Revolut launches Robo-Advisor to automate investment processes

By Gloria Methri

February 22, 2024

  • Asset Trading
  • Automated Investing
  • EEA
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Revolut, Robo-Advisor, FinTech, Investment Management, Portfolio Management, FinTech, UKRevolut has launched its own Robo-Advisor service in the EEA, allowing customers to save time and automate investing tailored to their needs.

The Robo-Advisor helps customers to invest through a diversified portfolio without spending hours on research and continuously managing their portfolios. The new product benefits customers who don’t have the time to research and actively invest or have limited or no trading experience.

Revolut’s Robo-Advisor will offer a fully diversified and customised portfolio based on the customers’ inputs to questions that will identify their risk tolerance and financial goals. Once a customer deposits money into their portfolio, the Robo-Advisor automatically invests it in the market and continually monitors and manages the customer’s portfolio.

Minimum starting investment amount to get access to Robo-Advisor is EUR 100. Robo-Advisor will have an annual portfolio management fee of 0.75% of portfolio value, charged each month.

Customers can then set up recurring transfers from EUR 10 to their Robo-Advisor portfolio to benefit fully from the technology.

Rolandas Juteika, Head of Wealth and Trading (EEA) said, “We are excited to add a Robo-Advisor to our suite of wealth and trading products. Built to make investing more accessible, we want to give our customers the ability to make their money work for them in what we believe will be a tailored and stress-free solution. We are now actively working to broaden the range of investment opportunities available through our Robo-Advisor, and to integrate even more financial planning tools.”

Investment services in the EEA are provided by Revolut, which is an investment firm authorised and regulated by the Bank of Lithuania. The value of investments may be affected by currency fluctuations. Additional service and instrument-level fees apply.

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