Revolut gains one of the few functions it was still missing, in the name of investments
Revolut becomes a Robo Advisoror an automated financial advisory platform, which manages investments of its clients based on risk profiles and specific objectives for each. Simply put, once you have decided on your goal, time frame, and risk appetite, an appropriate one diversified portfolio is created and managed on behalf of the customer.
Robo-advisors are designed specifically for those who do not have the time or knowledge to invest actively, and it is clear that the assigned portfolio is not static, but is rebalanced based on market evolution. Furthermore, the initial investment required is very low, being only 100 euroswhile the annual commission applied by Revolut is equal to 0.75% of the portfolio valueand is charged every month.
It is also possible to create a sort of accumulation plansetting gods recurring payments starting from 10 euros, in order to combat market volatility.
For those who feel more confident there is also the option Trading Proa subscription that offers reduced commissions, higher order limits, advanced portfolio analysis and even the ability to trade from desktop.
Revolut offers access to over 2,200 US-listed stocks, over 220 EU-listed stocks and 270 exchange-traded funds (ETFs) via the Revolut app.
We are excited to add Robo-Advisor to our suite of wealth & trading products. We know that many of our clients don’t have the time to manage a portfolio or invest in individual stocks. In fact, 53% of customers surveyed last year said they simply don’t know where to start when it comes to investing. Created 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 bespoke, stress-free solution.
We are actively working to expand the range of investment opportunities available through our Robo-Advisor and to integrate even more financial planning tools.
by Rolandas Juteika, Head of Wealth and Trading (EEA)
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