QuietGrowth launches multi-risk portfolios
QuietGrowth launches multi-risk portfolios
Robo-advice firm QuietGrowth has added a multi-risk portfolio to its platform, allowing investors to allocate portions of their savings towards different objectives.
QuietGrowth chief executive Dilip Sankarreddy said investors and advisers have access to a goals-based investment portfolio, allowing them to tailor the portfolio to specific needs.
"[Investors can now] allocate their savings towards different goals or objectives, with different risk-return expectations," he said.
"Saving for retirement, your child's education, a house or a holiday are all very different objectives. It makes sense, therefore, that investors should be able to choose portfolios for different levels of risk," said Mr Sankarreddy.
According to the robo firm, investors can add portfolios with different risk tolerances that are equal to or lower than what is advised by QuietGrowth in its Statement of Advice (SOA).
"In reality, investors don't apply the same set of risk-return expectations to their entire pool of savings," Mr Sankarreddy said.
The firm has also introduced a mobile application. Investors can now see the performance of their portfolios and other details via the app.
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