06.02.2017
FinLab AG DE0001218063
DGAP-News: FinLab AG: * Finlab subsidiary Patriarch launches 'truevest,' a new robo-advisor tool
DGAP-News: FinLab AG / Key word(s): Market launch/Miscellaneous
FinLab AG: * Finlab subsidiary Patriarch launches 'truevest,' a new
robo-advisor tool
06.02.2017 / 10:00
The issuer is solely responsible for the content of this announcement.
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- Finlab subsidiary Patriarch launches "truevest," a new robo-advisor
tool
- Access to successful investment strategies with over EUR 90 million in
assets under management
- The robo-advisor combines state-of-the-art technology with years of
experience
Frankfurt am Main, 02/06/2017 - Frankfurter Patriarch Multi-Manager GmbH, a
FinLab AG investment team in Frankfurt am Main, launched a next-generation
robo-advisor called "truevest" today. The tool's new high-performance
online asset management capability allowing investors to manage their own
assets flexibly and economically, while also benefitting from Patriarch's
long track record of experience as an investor makes it truly unique. Users
will have access to tried and tested investment strategies with currently
over EUR 90 million in assets under management. Dirk Fischer, Managing
Director of Patriarch Multi-Manager GmbH, explains customer benefits so:
"truevest saves you money as transactions are significantly more affordable
with our automated robo-advisor, while the quality of the products and
concepts offered by truevest are completely identical to those offered via
standard sales channels."
The four strategies have more than EUR 90 million in assets under
management. Renowned, active asset management firms such as DJE Kapital AG
(target fund strategies) and StarCapital AG (ETF strategies) are
responsible for fund management. Over the past five years, earnings after
costs have been 5.7% to 6.95% a year, with an average volatility of just
8.5%.
Finlab AG Management Board member Kai Panitzki adds: "Truevest is creating
a new financial trend by combining state-of-the-art online technology with
extensive human expertise and experience. Truevest provides users with a
simple, user-friendly online tool, letting determine their investment goals
and risk levels, 24/7, i.e. without having to worry about banking hours,
while providing an investment strategy to meet their needs. At the same
time, truevest allows customers to benefit from Patriarch's fund management
experience."
After one year of development, truevest is now available online at
www.truevest.de.
About Patriarch Multi-Manager GmbH
The Patriarch Multi-Manager GmbH investment team's products focus on
broadly diversified funds of funds and asset management strategies.
Independent financial advisors provide valuable asset allocation
fundamentals to Patriarch. Patriarch was founded in 2004 and now has
approximately EUR 245 million in assets under management. Patriarch also
creates funds of funds for larger partners to rebrand. In the process,
Patriarch selects the best managers for the products launched for
customers. Investors have access to expertise otherwise only available to
very wealthy families and institutions while also making sure investors
will benefit from market performance and innovation leaders. Patriarch is
known for equity funds and white label insurance policies.
About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 /
ticker symbol: A7A) is one of the first and one of the largest company
builders and investors focused on the Financial Services Technologies
("fintech") sector in Europe. FinLab focuses on developing German fintech
start-ups and providing venture capital for their financial needs, whereas
in each case the aim is a long-term participation and ongoing support of
the investment. FinLab also invests globally, as part of venture rounds, in
fintech companies, primarily in the USA and Asia.
Contact:
FinLab AG
Kai Panitzki
Tel: +49 69 719 12 80 0
E-Mail: [email protected]
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06.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: FinLab AG
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 (0)69 719 12 80 - 0
Fax: +49 (0)69 719 12 80 - 011
E-mail: [email protected]
Internet: www.finlab.de
ISIN: DE0001218063
WKN: 121806
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart, Tradegate Exchange; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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