Dutch robo-advisor Pritle launches in Austria and Switzerland

Source: Pritle

Online wealth manager Pritle announced today it is launching its online wealth management service (in Euros) to residents of Switzerland and Austria.

Pritle is an innovative and easily accessible wealth management service. It allows everyone to invest simply and save money with an initial investment of as low as €10. Through automatic, free of charge portfolio rebalancing, and individualised recommendations, users can define and track their financial aspirations. With this expansion, the fintech company becomes the largest continental European independent automated online wealth manager, with its services available in The Netherlands, Belgium, Switzerland, and Austria.

Thomas Bunnik, Pritle CEO and founder: “After welcoming thousands of customers in The Netherlands and Belgium, we have achieved significant growth. With the same enthusiasm we are now offering our cost-efficient services to the Swiss and Austrian residents. It is a logical step in our company’s expansion across Europe. Ultimately we aim to accommodate anyone in Europe who seeks an accessible and affordable way to get more out of their money.”

Goal based investing
So-called ‘robo-advisor’ Pritle allows users to easily set and track goals, such as retirement, a child’s education, or a trip around the world, within a specified timeframe. Pritle enables its users to define an individualised profile. An adapted and customized portfolio is then built, selecting different world-class funds such as BlackRock, Vanguard and StateStreet. Fund allocation is optimised every quarter to match users objectives, while investment risks are gradually reduced over time, as a goal nears its completion. Users can sign up in minutes, irrespective of their level of financial knowledge and experience. Pritle helps to determine an appropriate risk level for each goal set, and then each user can track their portfolio performance via the user friendly dashboard.

Low costs and flexibility
Users have the freedom to redeem every euro in their portfolio at all times. Pritle’s does not charge transaction fees, upfront fees, or hidden fees. Pritle only charges 0,5% per year inclusive of VAT. The amount over €250,000 is managed free of charge.

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