March the 3rd, 2024 – A new Croatian Revolut service was launched at the end of last month, and it’s proving popular among its local users.
As Poslovni Dnevnik/Mladen Miletic writes, Revolut, a global financial super application (app) with more than 35 million users worldwide, has launched its own Robo-advisor product right here in Croatia. This new product allows Croatian Revolut clients to invest in a diversified portfolio without spending hours upon hours researching and continuously managing their portfolio.
This new product is useful for clients who simply don’t have time to dedicate to endless extensive research and active investing, or who have limited or no trading experience.
The Revolut Robo Advisor will recommend a fully diversified and customised portfolio to Croatian Revolut clients based on the client’s answers to questions, which will identify their risk tolerance and financial goals, among other things.
After the client deposits money in their portfolio, the Robo advisor automatically invests it in the market and continuously monitors and manages that same portfolio. The minimum initial investment amount to access the Robo advisor is 100 euros. The Robo Advisor will have an annual portfolio management fee of 0.75% of the portfolio value, billed monthly.
“We know that many of our clients simply don’t have the time to manage a portfolio or invest in individual things. In fact, according to a survey we conducted last year, 53% of users said they didn’t even know where to start when it comes to investing,” said Rolandas Juteika, Director General of the Property and Trading Department (EGP).
Revolut recently expanded its investment offering with shares of European listed companies and introduced Trading Pro – a subscription for advanced traders with commission discounts, higher order limits, advanced portfolio analysis and a desktop trading terminal.
