I have been a customer of Scalable Capital for seven years, initially with the rather disappointing RoboAdvisor, but for the past two years, I’ve been a satisfied customer of the Prime Broker.
This week, I discovered new features, initially part of them in the desktop app, but everything new that is offered can already be seen in the web app. The new feature is called Insights and is based on data from BlackRock. For this to work, portfolio data is anonymized and sent to BlackRock. First of all, there is a Portfolio Check, where the diversification of the portfolio is assessed.
However, it doesn’t assess the weighting. After seeing this graphic, I invested a bit in a bond, and just like that, the ring was full. Next, there’s a crash simulation, where you can choose from several scenarios. In this simulation, for example, global stock markets drop by 10%, although I previously thought a crash would only be considered if the drop is 30% or more.
In such a scenario, my portfolio would suffer more than the benchmark.
The next new feature is the analysis of the portfolio allocation in terms of sectors, regions, etc.
For me, it looks like I have generally overweighted financial services, but in reality, this is only the case at first glance. Due to the dividend drivers Hercules and Ares Capital, it appears larger than it actually is. Then, there is also this wonderful analysis of the types of companies:
I’ve mostly seen something like this on ExtraETF. And then, for me, the most exciting part – the dividends, as I follow a dividend strategy:
I would like to see a projection into the future here, like on ExtraETF, although on that platform, you can only see the next few months within the same calendar year. But this way, I can better assess whether I’m on the right track or not. What I don’t like about ExtraETF is the shaky connection to Scalable. Sometimes it works, sometimes it doesn’t. That’s why I’m no longer a subscriber there.
Scalable takes away the market potential of tools like ExtraETF, getQuin, and DivvyDiary when they continue adding such features. For me, however, this is even more of a reason to stay with Scalable. These features could certainly become even smarter and support investors like me, who don’t want to use an expensive robo-advisor, even more when selecting investments.