Robo-advisers and fund platforms in Europe

Robo-advisers build and manage a diversified portfolio – usually of ETFs or index funds – based on a questionnaire about your goals and risk tolerance. They rebalance automatically and charge an annual fee, typically between about 0.25% and 0.75% on top of fund costs.

The register includes national leaders such as Indexa Capital (Spain), Yomoni and Nalo (France), Lysa (Sweden), Finax (Slovakia), True Wealth and VIAC (Switzerland), and German providers such as Ginmon and quirion, plus UK platforms.

#What to compare

• All-in cost: management fee plus fund costs (TER).
• Portfolio construction: global equity share, bonds, sustainability filters.
• Tax wrappers: some offer pension or tax-advantaged accounts in their home country.
• Licence and custody: robo-advisers are regulated portfolio managers; your assets are held by a custodian bank.

A robo-adviser is a sensible alternative to active trading for long-term savings – see ETF savings plans.