Swedish Robo Advisor Lysa Launches Operations in Germany

Sweden-based robo advisor Lysa has announced expanding to Germany. 

Lysa is a digital wealth manager that automatically invests customers' money in index funds. In addition, the robo advisor adjusts the risk of users' portfolio to their individual situation and preferences, and also ensure that the same level of risk is maintained over time.

Users can make deposits and withdrawals at any time. The amount and frequency of deposits and withdrawals are not limited and Lysa does not charge any extra costs for deposits and withdrawals. However, any transaction involving the sale of fund units will be treated as a taxable transaction.

According to its own information, the company manages EUR 2 billion for over 100,000 customers in Sweden, Finland, and Denmark. 

The robo advisors' investment process aims to offer each client the right balance between risk and return. To achieve this, Lysa's investment team has developed a five-step process. This process begins with the selection of asset classes and investment factors, followed by the selection of mutual funds and ETFs that best represent the asset classes and factors, and then the determination of the optimal combination between different mutual funds and ETFs.

Lastly, Lysa completes an individualised compilation of suitable customer portfolios and continuously monitors, rebalances, and updates customer portfolios.

(Source: The Paypers)