Marvelstone Capital, a Singapore-based data-driven asset management company, has announced the launch of a licensed ‘robo advisor’ platform for family offices in Asia in Q3 this year. The platform is being developed in partnership with Smartfolios, a Singapore-based fintech startup and will be available on desktop and mobile for Marvelstone’s clients.
The company explains that unlike traditional financial advisors, robo advisors provide financial advice or portfolio management online with minimal human intervention. They provide digital financial advice based on mathematical rules and algorithms.
Marvelstone Capital aims to bring a quant-driven approach to managing family offices’ wealth more dynamically, as well as onboarding new investment strategies and opportunities that they may be more open to given their longer-term horizons.
“We’re delighted to share our plans and roadmap for Marvelstone Capital for the first time today. It’s an ambitious project and offering that combines our passion and expertise for the world of finance and technology,” said Joe Seunghyun Cho, CEO, Marvelstone Capital.
“Asian family offices continue to look for alternative investment strategies to diversify their portfolios and excite a rising tech-savvy generation. We’re extremely pleased to be on the cusp of delivering the first family office robo advisor platform anywhere in Asia,” Seunghyun added.
Benchmarking Iconiq Capital, a San Francisco-based multi-family office and merchant bank, the company aims to leverage technology and innovation to grow the wealth of new generations of family offices in Asia. It is regulated by the Monetary Authority of Singapore (MAS), which approved its license as a registered fund management company (RFMC) in August last year.
“By joining forces with Marvelstone Capital, we will bring to their clients digital investment opportunities placed at the cross road of active and passive investing. This next step in Smartfolios’ journey aligns with our vision to empower financial institutions to turn disruption into avenues of opportunity, stay ahead of the curve, and accelerate growth,” said Julien Le Noble, Co-founder, Smartfolios.