Irish Revolut customers get access to Robo-Advisor investment tool

The company said new product will be advantageous for customers with ‘limited or no trading experience’

Robo-Advisor will automatically invest customers’ money. Picture: Rafael Henrique via Getty Images.

Revolut has launched Robo-Advisor, an automated investment service, in Ireland.

The new product automatically invests customers’ money, based on answers to a series of questions relating to their own risk tolerance and financial goals.

Robo-Advisor continually monitors and manages the customer’s portfolio, based on a minimum starting investment amount of €100. The service charges a monthly management fee equating 0.75 per cent of portfolio value.

In a statement, Rolandas Juteika, head of wealth and trading for Revolut in the European Economic Area, said that the company was aware that many customers do not have the time to manage an investment portfolio.