Right here within the UK, we now have a few UK-based investing apps that might credibly declare to be on monitor to achieve mass-market scale — however there are nonetheless no family wealthtech names.
Regardless of all of the discuss robo-advice, DIY investing, and zero-commission buying and selling, many new market entrants haven’t managed to show that noise and obvious client curiosity right into a sustainable, worthwhile enterprise mannequin.
At Seccl, we exist to assist extra individuals make investments — and make investments effectively — by supporting formidable founders and modern corporations on a mission to launch the wealth propositions of the long run.
As Seccl’s fintech progress lead, I’ve the distinctive alternative to satisfy and chat with dozens of those companies regularly — and get a really feel for the challenges they face. And the most important problem for many companies I discuss to is considerably unsurprisingly, buyer acquisition.
Don’t get me mistaken, a lot of our shoppers have mastered the artwork of rising a profitable enterprise from a standing begin. CIRCA5000, for instance, has made waves within the sustainable investments area, whereas Penfold continues to scale their private and office pension providing at a remarkably fast tempo and you may learn in regards to the others right here.
However it’s no imply feat. From our expertise, it’s a lot simpler to launch a profitable funding proposition you probably have an current buyer base that loves your model and mission, and genuinely believes you’ve their finest pursuits at…