Non-US robo-advisors

Robo advisers have now become a part of the financial and investment retail world as more and more new companies spring up across Europe and elsewhere.

Robo advice in itself is the digital customer interface for identifying the most suitable risk profile for an investor. A web- and/or app-based input template gathers customer data, investment horizon, risk preference and other legally required investor information and the risk profile is determined using an if-then logic.

The robo advice digitalizes the local jurisdiction classification and the MiFID II suitability and appropriateness assessment normally carried out by the client advisor in a traditional advisory meeting. The robo advisors then using the given risk profile translates this into a strategic asset allocation and implements this by selecting specific investment products.

Overview
The spread of robo advisers has led to the proliferation of providers across different jurisdictions. The lists below resulting from internet searches (August 2019) provide a reference point for a non-US retail investor. The individual investor should carefully carry out their own specific due diligence on any provider to review what is available in their particular location as and when the information is available. No reliance should be made on the suitability of these references for investment or other financial purposes. The investor should carefully review the available providers, check the suitability of their products, check the statutory and financial position of the company and seek advice before committing to any purchase.