SEB RoboVesorit has been used by over 100,000 clients

SEB roboinvestor utilized by over 100,000 clients across the Baltic region as of December 1, 2022. An analysis by SEB revealed that its roboinvestor has been used by more than 100,000 clients in Estonia, Latvia, and Lithuania. Over a quarter of those clients are from Estonia.

The virtual advisor allows customers to invest in SEB investment funds and the bank’s managed portfolio, comprised of exchange-traded funds (ETFs). In Estonia, a significant number of investors have utilized SEB funds, primarily investing in low and medium risk funds at an average of 37 euros per month. Clients utilizing the ETF portfolios tend to invest in medium and high risk ETFs, with an average monthly investment of 84 euros.

“It is inevitable that the current economic environment makes many investors cautious,” stated Evelin Koplimäe, SEB’s sales manager for the private client segment. “Inflation conditions make people spend more money on daily expenses. If possible, it is worth saving money during uncertain times and inflation may be a good reason to combine saving with investing to better protect savings from a decrease in purchasing power and to grow assets.”

Personal investment advice within the roboinvestor is offered free of charge.

Investments in ETF portfolios can be made with one-time or regular contributions starting from 50 euros. These investments are subject to a bank administration fee of 0.6% per year, as well as the fees included within the ETF prices (0.1-0.17% per year). SEB investment funds can be invested in with a minimum of 1 euro, incurring an administration fee of 0.42% per year and ETF fees ranging from 0.53-0.85% per year.

Both solutions integrate with the bank’s investment account system. Further information about the roboinvestor is available on the SEB website.

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