Finanbest, a Madrid-based licensed securities agency, offers a digital end-to-end wealth management solution for retail investors, reportedly reducing costs for clients up to 70%. The platform has partnered with Crowdcube to raise £175,000 for 6.22% equity. The agency was pre-valued at £2,638,522. At this writing, the campaign has raised over £78,140 by more than 60 investors.
Finanbest has targeted the Spanish mutual funds market of more than €250,000 million in 2017, which experienced 20% annual growth in the last 5 years and 9 million savers and investors.
“In 2016 we built the platform, obtained necessary licenses and recruited the team,” explained the campaign. “In April 2017 we launched our business and in the last 12 months we have closed two relevant distribution agreements, have more than 250 retail clients and manage €10 million AuM. Our personalised portfolios have yield 2% additional average return over the market and cost savings of up to 70%.”
Finanbest offers an investment model for those investing €3,000 euros or more, using an experienced team and advanced technology.
“We believe we provide private banking services at a fraction of the traditional cost, with a four-step model automated and optimised from beginning to end: 1) outline of the investor’s risk profile, 2) customised investment proposal using the Black-Litterman algorithm, 3) selection of world leader funds and 4) dynamic monitoring,” according to the campaign..@Finanbest_com live @crowdcubeClick To Tweet
The team includes CEO Asier Uribeechebarria, CFO Laura Lozano, CIO Frederic Dupuy, COO Sergio Guimon and CMO Miguel Mangas. According to the campaign, Finanbest has already partnered with BNP, Allfunds and Logalty.
For more details on Finanbest’s Crowdcube campaign, click here.
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