Saxo Australia launches automated investment service SaxoSelect

Details

Saxo Australia, the Australian subsidiary of global investment firm Saxo Bank, has announced the launch of its new automated investment service, SaxoSelect. This platform is aimed at providing retail investors with greater access to customized investment strategies while minimizing the costs associated with traditional investment products.

About SaxoSelect

SaxoSelect is a robo-advisory platform that offers investors a range of pre-defined investment portfolios, each tailored to different risk profiles and investment objectives. The portfolios are composed of a mix of ETFs and mutual funds, providing exposure to a range of asset classes, including equities, fixed income, and commodities.

The platform also provides investors with access to performance metrics, allowing them to track the performance of their investments on a real-time basis.

According to Saxo Australia, SaxoSelect is designed to provide investors with a lower-cost alternative to traditional investment products. By using technology to automate investment decisions, the platform can offer lower fees than traditional investment funds, while still providing investors with access to professional asset allocation strategies.

Adam Smith, CEO of Saxo Australia, said: “In recent years the appetite for alternative wealth strategies has grown in line with improved access to global capital markets and innovations in technology. More Australians than ever are looking to build diversified portfolios across geographies, and as such are using digital platforms to take control of their financial future – whether thats through directly investing their savings or establishing their own SMSF.”

“Access to world-leading managed portfolios and international diversification, alongside total transparency and control, is something we believe that more investors need and what Saxo is here to offer. SaxoSelect is about truly expert wealth management at a much more affordable price. We have already seen significant interest in the service during the soft launch phase, and we believe we can enable more Australians to take control of their financial future and make more from their money,” Smith adds.

There is More

With a minimum investment of US$10,000, SaxoSelect offers a bespoke asset management service to a broader range of investors. Investors can benefit from full transparency and control, real-time execution, and live portfolio information coupled with the ability to withdraw at any time for no extra cost. There are no platform fees, entry, exit, or custody fees.

SaxoSelect has previously launched in Europe and Asia and is only available to Saxo account holders. While there is no minimum investment period and clients can exit at any time for free, its important to remember that these portfolios are designed for medium- to long-term investing.