“53% of [our] customers we surveyed last year said they simply don’t know where to start when it comes to investing,” said Rolandas Juteika, head of wealth and trading at the neobank Revolut, highlighting the motivation behind the launch of the new robo-advisor service. Photo: Revolut

“53% of [our] customers we surveyed last year said they simply don’t know where to start when it comes to investing,” said Rolandas Juteika, head of wealth and trading at the neobank Revolut, highlighting the motivation behind the launch of the new robo-advisor service. Photo: Revolut

Revolut rolled out its automated robo-advisor service on Tuesday across Belgium, Luxembourg and the Netherlands, focusing on making investing easy and accessible for everyone with a minimal initial investment of €100 and an annual fee of 0.75%.

Revolut, the global financial platform, announced the launch of its robo-advisor service in Belgium, Luxembourg and the Netherlands on 21 February 2024. This move aims to facilitate automated investing for customers, addressing the needs of those who lack the time or expertise for active investment management. The robo-advisor service is designed to provide a personalised investment experience, considering individual risk tolerance and financial goals to assign a suitable portfolio which will automatically adjust in response to market changes, stated the firm’s press release.

The introduction of the robo-advisor signifies a step towards making investing more attainable and cost-effective, stated Revolut, with an entry threshold set at a minimum investment of €100.

According to Revolut, its robo-advisor distinguishes itself by offering a fully diversified, customised portfolio based on customer input. Following an initial investment, the service automatically allocates funds across the market while continuously monitoring and adjusting the portfolio. An annual management fee of 0.75% of the portfolio’s value will be levied monthly, ensuring that the investment process and costs remain transparent and manageable, stated Revolut.

Revolut added that the service encourages regular investment through the option of setting up recurring transfers starting from €10. This feature is aimed at fostering consistent investment habits and mitigating the impact of short-term market volatility.

Rolandas Juteika, head of wealth and trading for the European Economic Area at Revolut, highlighted the launch as a response to the needs of customers who find the investment process daunting. Citing a survey where 53% of participants expressed uncertainty about starting to invest, Juteika underscored the robo-advisor’s role in making investment more accessible and tailored to individual preferences.

Revolut cautions that, as with all investments, capital is at risk and returns are not guaranteed. Revolut serves 35m global customers, who collectively make over 500m transactions a month, said the company.

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