The independent Schweizer Robo-Advisor Descartes Finance is expanding, including the offer of personal consultation services, according to research by finews.com. Hiring of additional staff is also on the agenda.
Roger M. Levola joins Descartes Finance as a partner from December 1, research by finews.com reveals. This information was confirmed on request by company founder Adriano B. Lucatelli.
Levola previously worked as an independent advisor, and prior to that at Bank J. Safra Sarasin. At Descartes Finance he will be responsible for expanding the personal consultation services for wealthy private clients.
This will likely lead to the hiring of additional staff in the coming weeks and months. The company, based in Zug, recently occupied new offices on Stockerstrasse 54 in Zurich. The head office remains in Zug.
Individual Advice
The individual advisory service represents a new business field for Descartes Finance – alongside the classic Robo-Advisor-Offer and the Platform-Concept for independent asset managers, as finews.com has already reported exclusively.
At the centre of the new digital service is the Wealth Management-Application, developed by the Zurich firm Additiv, and which also offers Multi-Custody- and Multi-Strategy solutions. Descartes Finance maintains partnerships with several banks and investment institutions, giving clients including independent asset managers access to different strategies on the Robo-Advisor-Basis. This establishes the company as a leader in its field in Switzerland.
Not only digital
A key element of the new service is the user experience, or the client experience, which can be either purely digital or complemented by personal consulation, as Lucatelli explains.
Descartes Finance thus offers a compromise solution which the younger more tech-orientated clients value as they don’t entirely trust the classic and thus anonymous Robo-Advisor model. As is becoming increasingly evident, even the Millenium generation looks for some personal contact in financial matters.
