Gumtree Founder To Spark Robo-Advisor Investment Price War
One of the UK’s most successful entrepreneurs over the early years of the digital economy is launching a new
Simon Crookall sold Gumtree to eBay in 2005. The exact sales price was never made
Based on this personal information and preferences, the
Source: The Times
InvestEngine’s portfolios will all be built from ETFs and will also all contain at least some exposure to gold as a stabiliser, across all risk profiles, the most aggressive of which has a 95% allocation to equities. The focus of the portfolios will also be global rather than UK-centric.
Despite the fact that robo-advisor platforms have proven most popular with millennial investors, Crookall has stated that InvestEngine’s target market won’t be a particularly young one. Rather, the new platform believes it will appeal most to “savvy investors who are frustrated with high fees and poorer performance”.
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