Renta 4 joins the group of investment companies that want to get a piece of the passive management pie, with growing followers not only among first-time investors but also among wealthy private banks. He just launched what he calls Easy Walletswhich will allow access from 100 euros to personalized portfolios based on the risk profile and investment objectives of each client, where the application of automated management by algorithms will allow their adaptation to market conditions, according to the bank chaired by Juan Carlos Ureta. a press release.
The bank has established management fees of 0.25%, slightly lower than the 0.41% applied by Indexa or Finizens for the smallest volumes of equity investment, it therefore enters into direct competition with the robo advisors the best known on the Spanish market.
The ecosystem of automated portfolio management or investment plans based on algorithms has continued to grow in recent years, with independent projects like IronIA Fintech, in which the independent consultancy Diaphanum participates, MyInvestor, promoted by Andbank , or others dependent on large entities, such as robo-advisor from Openbank, Banco Santander or wallets clever from CaixaBank.
And more and more purely digital companies such as Trade Republic, Revolut, Scalable Capital, Degiro or eToro have entered to compete in this passive management segment either through the possibility of contracting ETFs or through supported investment plans through algorithms and index products.
In fact, even the private banks of traditional entities have adhered to indexed management as another service aimed at wealthy individuals, as is the case of the Catalan entity BBVA, Bankinter or Banco Santander, which was the last to launch your indexed management. management service.
The Renta 4 service was launched by the bank’s Digital Solutions team, under the supervision of Celso Otero, who explains that “artificial intelligence allows us to evolve and offer a service for everyone, without excluding anyone in due to its strengths, taking into account the needs of each client, the characteristics of the products in which it invests and the state of the market at any time. The digital business department overseen by Rafael Casado, one of the architects of Finect, the digital investor community, participated in the design of the portfolios.
