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Rothschilds back AI-driven online wealth manager

Senior members of the Rothschild dynasty have backed the launch of an artificial intelligence driven wealth management platform

Rothschilds back AI-driven online wealth manager

Senior members of the Rothschild dynasty and directors of the Franco-Swiss private bank Edmond de Rothschild have backed the launch of an artificial intelligence driven wealth management platform.

Ariane and Benjamin de Rothschild, respectively chair of the group executive committee and chair of the board at the bank, used personal funds to back the April launch of London-based Exo Investing.

The support was received as part of a €16.5 million (£14.5 million) seed capital funding round conducted last year.

Exo offers clients with portfolios of £10,000 or higher access to algorithmic technology which rebalances a portfolio of ETF investments up to as often as daily.     

The company’s blackbox tech is supplied by Madrid’s ETS Asset Management, whose founder José Manuel Bolívar also backed the fund raising, alongside Daniel Treves and Hugo Ferreira, heads of Edmond de Rothschild corporate finance subsidiary La Cie Benjamin de Rothschild SA.

Ferreira (pictured) is additionally chair of Exo Investing. He said: ‘For years we have wanted to find a way to provide the huge financial advantage that ETS’s systems deliver to a much wider audience.

‘Exo is utilising AI and recent increases in computing power to offer the same portfolio management technologies to a far wider market and at a highly competitive price.’

ETS manages a reported £14 billion in assets gathered from a client base of private clients institutional investors and private banks over its 30 years of operation.  

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