Deutsche Bank has introduced an automated tool dubbed AnlageFinder to help online investors make investment decisions in accordance with their preferences for asset classes, risk appetite, and their ultimate investment goals.
The tool was developed in partnership with fintech company fincite. Initially, it will only be available online but early next year an app version of it will become available, Deutsche Bank said. New features to the tool will also be added in the future.
Customizable investment options
The tool works by asking an investor a series of questions, aiming to establish their risk appetite, investment goals, and the investment terms they prefer. Based on these, the robot compiles an opportunity/risk profile, which creates the basis for a selection of investment choices.
AnlageFinder then offers the investor a set of investment options in the form of groups of asset classes, customized according to preferences. These investors can either use as they are or tweak to suit their needs better. Investors can input conditions such as rating, product cost, and performance, for the assets they are interested in.
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The tool improves and facilitates decision-making
Commenting on the launch, Deutsche Bank’s Chief Operations Officer for private and business clients, Markus Pertlwieser, said: “With our AnlageFinder robo-advisor, clients can professionally put together their portfolios and optimise their investment outcomes with just a few clicks.”
Robo-advisors are a growing trend, as retail investors seek customizable, easy-to-use solutions. A growing number of financial service providers are getting on this wagon, which is in fact just one of the many that are traversing the banking world – automated solutions that lower costs, offer unique experiences and undermine the fundamentals of traditional banking.