Blackrock well on track to roll-up the ROBO B2B market!
Saxo Bank has moved into the fast-expanding robo-advisory market with a full-scale digital investment platform for retail investors in partnership with BlackRock. SaxoSelect, built with iShares ETFs by BlackRock, is a fully digital and automated portfolio management service that enables clients to invest in pre-selected strategies in a real-time, fully transparent environment directly on their Saxo platform. The service consists of three portfolios with different levels of risk - Defensive, Moderate, Aggressive - managed by Saxo Bank and using research data developed by BlackRock. Available initially in euro and sterling, the automated ETF portfolio will launch in selected European markets, starting with Denmark, Finland, Italy, Norway, Netherlands and Sweden in Q1 2016.