Savings is a field that attracts many entrepreneurs, ready to revolutionize the hushed world of wealth management. Reduced fees, online subscription, new services, decision-making aids… There are many ways to shake up the sector. Here is a selection of four players who deserve to be known.
SellMyScpi aims to streamline the stone paper market. Many real estate investment companies (SCPI) have seen their prices drop in recent months, leading to an influx of sales. It is generally the management company that acts as an intermediary, organizing the buyouts when it has other savers interested in the product in front of it. But, currently, due to a lack of buyers, 2.5 billion euros are waiting. Another option would be to find a buyer yourself… Not easy, unless you can reach a large community of real estate investors. This is the concept of this site, which should be operational during the summer. “We are initially targeting individuals and wealth management advisors for their clients,” explains Zakaria El Gharbi, the co-founder. It is the sellers who set their price, the latter having to display a discount to be attractive. “For a SCPI worth 100, its withdrawal price is 90 euros. You therefore have to position yourself below that to start attracting buyers,” he explains.
Ramifyfor its part, intends to compete with private banks. Founded in 2021 by Olivier Herbout and Samy Ouardini, this platform targets a wealth clientele with between 100,000 and 5 million euros in financial assets, without closing the door to smaller savers. It offers them the opportunity to subscribe online to a wide range of investments ranging from savings accounts to private equity, passing through the crowdfunding real estate, life insurance, structured products or even art. The wealthiest will have access to the Ramify Black offer, giving access to additional products such as Luxembourg life insurance, Lombard credit, etc. The fintech also offers in-house portfolios accessible in managed management within life insurance and retirement contracts. Articles, webinars, podcasts, simulators and other white papers complete the system so that we can better understand the solutions offered. A fundraising of 11 million euros last June should allow it to further expand its catalog.
Avnear uses artificial intelligence. The start-up offers a life insurance contract and a retirement savings plan managed by Generali and offering a discretionary management solution. Five risk profiles combining active and passive management have been designed, as well as allocations integrating extra-financial criteria. So far, nothing very original, you might think. “Our role is to help clients invest,” says co-founder Charley Arod. Indeed, instead of placing the entire sum on the various media forming the target allocation, Avnear will invest as it goes along depending on the cost of the various markets. While waiting for the right moment, the capital is placed in a low-risk money market fund. An algorithm analyzes the performance history of stock market indices to determine their future dispositions and decide whether or not to enter the market. “It’s improved programmed investment,” summarizes Charley Arod.
Finary offers a global vision of your assets. Aggregating and analyzing current accounts, investments, loans, and even real estate and cryptocurrencies to obtain a complete view of one’s assets on a single platform, accessible on a computer or via a mobile application: this is the challenge taken up by Finary, which connects 20,000 financial institutions in Europe and the United States. The promise has already attracted 200,000 users. 10% of them have opted for the premium, paid version, which unlocks more tools. The fintech has also launched a crypto investment plan and has a very active community, animated through a podcast and a YouTube channel dedicated to personal finance, with 150,000 subscribers.
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