Robo-advisors progress has been one of many most important business developments all through the previous couple of years. One of many key gamers within the Asian market on this house is Singapore-based Robo-Advisory platform-as-a-service supplier WeInvest. The agency has simply introduced a partnership with international fintech agency InvestCloud Inc.
The partnership is aiming to allow WeInvest to turn into the one Robo-Advisory answer available on the market that’s supporting multi-asset based mostly, multi-currency, goal-based and thematic investing.
WeInvest is delivering robe-advisory companies to retail purchasers who’re keen to commit not less than $SG 5,000. The charges that purchasers are paying are ranging from 0.four p.c each year. The corporate additionally gives its companies to Asian banks, wealth managers and asset managers.
InvestCloud permits monetary establishments to supply the answer to their very own purchasers utilizing WeInvest’s scalable, ready-to-deploy Platform-as-a-Service (PaaS), powered by InvestCloud.
InvestCloud has made headlines final 12 months after securing an funding from none different however JPMorgan. The financial institution additionally employed the agency to customise web site dashboards and cell purposes for particular person and institutional purchasers.
Commenting on the deal, the CEO of WeInvest, Bhaskar Prabhakara, stated: “The WeInvest PaaS answer offers Asian wealth managers a speedy path to rolling out their very own branded Robo-Advisory companies. Uniquely, we are able to additionally assist the total vary of funding methodologies to permit every Robo-Advisor to mirror client preferences, in addition to the strengths and ethos of the wealth supervisor.”
“This partnership highlights the capabilities of the InvestCloud digital platform and particularly the flexibleness of our Robo stack answer. Whether or not a wealth supervisor desires to supply their very own Robo enterprise or present a hosted service to different wealth managers, InvestCloud can assist them,” highlighted the Founder and CEO of InvestCloud, John Smart.