Fintech disruptor CybiWealth was recently invited to present at the Finovate Europe conference in London, where CEO Scott Cooper spoke to industry leaders about the ways in which the company is harnessing the power of technology to break down barriers to entry and democratise investing.
Scott Cooper, CEO, CybiWealth
Cooper explained that CybiWealth aims to create greater access to investing for young professionals, entrepreneurs and new investors who may lack the funds or expertise required for other investment options.
“Our solution offers these investors the chance to buy a managed international share portfolio that features market-leading companies with household names such as Coca-Cola, Colgate and L’Oréal. But whereas other similar share portfolios often require a minimum investment in the region of £25,000, investors in CybiWealth only need £500 to get started,” he said.
CybiWealth’s approach also means that unlike mutual funds, the investors themselves are made the beneficial owners of the shares, as many people prefer to hold shares in their own name rather than investing indirectly through funds.
“The use of the digital platform also means that we’ve been able to strip out investment fees such as administration fees, or entry or exit fees, and simplify the fee structure, so investors know upfront exactly what is being charged and why.”
CybiWealth charges an annual management fee of just 0.75%.
Reconnecting investors with their money
Further differentiating itself from other types of investments such as ETFs or mutual funds, CybiWealth’s share portfolio is far more concentrated, featuring around 20 companies, and is carefully curated and managed by experienced investment professionals at FIM Capital, an experienced investment management company based in the Isle of Man.
“We want to make the investment process simpler and more transparent, and for investors to feel connected to their money. This means knowing exactly what they are invested in – something that is often missing from other types of portfolios which may be invested in hundreds of stocks,” said Scott.
Investors receive ongoing feedback on their investment via the app and website, including portfolio updates, company news, dividend notifications and market commentary. They are also able to invest via debit and credit card through the app.
CybiWealth offers investors the benefit of reliable outcomes and diversification against risk.
“Each company in our portfolio is considered a market leader in its field, like Pfizer, Johnson & Johnson, or even Honeywell in the tech space. All have global distribution networks and sell hundreds or thousands of products all around the world.”
“We like the diversification that these multinationals afford as protection against changing economic conditions, and these are all companies with proven track records built over many years, so we believe that they will do very well in helping our investors build their wealth over time.”
CybiWealth is provided by FIM Capital Limited, licensed by the Isle of Man Financial Services Authority and authorised and regulated by the Financial Conduct Authority. CybiWealth is distributed by Marriott Asset Management, a licensed Financial Services Provider.
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