[EXCERPT] #5 - Erik Podzuweit (Scalable Capital) - Soaring across the Wealth Management landscape

This is an excerpt from the episode published on Sunday.In this episode, I speak to Erik, who lets us in on the great adventure he’s having with Scalable Capital, which is soon to be Europe's leading digital investment platform. In 2014, he and his co-founders created this online WM firm in Germany.We learn about the evolution of their offering, from their original positioning to the robo-advisor and recently their neobroker offering. Erik is a former banker at Goldman Sachs and shares a great anecdote about his success and how it all started.We find out why Scalable Capital joined forces with Baader Bank and what approvals they needed from Bafin and the Bundesbank. We also dive into how portfolio management evolved from the first risk-based management portfolio to the most recent ESG development. We also look at portfolio rebalancing as well as customers and the acquisition funnel.Erik walks us through their exponential growth, specifically the structure of their investment management arm. We touch on their partnerships with the major ETF providers, which have enabled them to offer Invesco, iShares and Xtrackers ETF. This includes crypto ETPs and the integration of third-party providers such as Fourth line.Finally, we talk about their CapTable and more particularly BlackRock and Tencent, investors who deeply trust what they do. It’s another must-listen!******Investing involves risks. The value of any financial product may fluctuate up or down depending on market conditions. Investors may lose all or part of the capital invested, and no guarantee of return or capital protection can be provided unless explicitly stated in the product’s legal documentation.Past performance is not a reliable indicator of future results. Before making any investment decision, individuals should ensure they understand the product’s characteristics, its level of risk, the associated fees, and confirm they have the financial capacity to bear a potential loss of capital.The information shared in this content reflects the opinions of the speaker at the time of recording and does not constitute personalised investment advice. It does not replace a review of the official documentation or the consultation of a qualified professional.This content is provided for general information purposes and may have a promotional nature. Full regulatory and contractual information is available from the relevant issuers or distributors.******Produced by Gokyo Sàrl-S, hosted by Audiomeans©. Visit the Privacy Policy of Finscale and Audiomeans for more information.