Gumtree Founder To Spark Robo-Advisor Investment Price War
written by Bella Palmer
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”.
Important:
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.