Robo-adviser Scalable Capital to offer financial advice

Scalable Capital, a digital wealth manager, has announced it will be offering clients professional advice through financial advisors, effective immediately.

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The firm said the additional service is an “extension of our core model” and will offer prospective and existing clients a comprehensive financial assessment of their situation.

Clients will be provided with a free consultation, after which they can book a session with an advisor for a fixed fee of £200.

Simon Miller, co-founder of Scalable Capital, said: “We are experiencing increasing demand for our risk-managed investment solution from wealthier clients who have more complex financial situations and who told us they would be keen to use such a service.

“At the same time, we wanted to make sure that our offer was priced such that clients without a high six-digit-investment would also find it attractive.”

Scalable Capital also announced after a year as chief operating officer, Miller will become chief executive officer for the UK business.

Meanwhile, co-founder Adam French will now take on international responsibility, focusing on collaborations with financial institutions and large corporates across Europe and beyond.

In June last year, Blackrock invested €30m in this firm.

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