Digital wealth management startup Exo Investing is launching in the UK, promising to give private investors access to the sophisticated AI-powered technology that until now has been the preserve of institutional and ultra high net worth clients.
The company says that it acts as an expert 'investment co-pilot', using AI to build investors a personal ETF portfolio around their own preferences. Machine learning algorithms then monitor each portfolio daily, continuously recalibrating to both the individual’s risk appetite and market conditions.
Users of the online platform need a minimum investment of £10,000, with annual fees of 0.75% for up to £100,000.
For this, each user gets a personal portfolio, chosen from a universe of over 500 low cost ETFs and based on their individual risk appetite, investment objectives, and any preferences they have as to sectors, regions and asset classes. Then, machine learning algorithms, honed over 30 years, anticipate and monitor market volatility, optimising each portfolio.
Lennart Asshoff, CEO, Exo Investing, says: "This level of individually tailored portfolio and risk management has never been available to the private investor before. Exo is all about democratising access to sophisticated investment technology, using the latest advances in AI and risk management technology to break down the barriers to wealth and open the door to a new category of investing for as many people as possible."