Rise of the robo-advisers at Deutsche Bank
Written by Scott Thompson
Deutsche Bank is adding robo-advisers to its maxblue online investment platform. This will use algorithms to put together individual portfolios for investors who are looking to make investment decisions without taking advantage of advisory services. The AnlageFinder tool is free for maxblue clients and was developed in cooperation with FinTech outfit fincite. It will initially only be available online but an app version is scheduled for release in early 2016, and new features, such as peer-to-peer comparisons and risk management, are also in the works.
Markus Pertlwieser, COO, Private & Business Clients at Deutsche Bank, says: “With our AnlageFinder robo-advisor, clients can professionally put together their portfolios and optimise their investment outcomes with just a few clicks. AnlageFinder provides clients with extensive support in making investment decisions with the help of tutorials and comprehensive financial market information. This investment tool helps Deutsche Bank position itself for the digital natives among its clients who are keen on seizing the opportunities offered by capital markets.”