The collaboration between iShares – Italian and world leader in the ETF market and part of the BlackRock group – and Invest Banca – a banking institution of the Cabel group in Empoli specializing in investment solutions for institutional and private customers – relating to asset management services is underway of the bank, which will use iShares ETFs in the creation of portfolios.
The initiative, which promotes the digitization of investment solutions, provides Invest Banca customers with an entirely online platform for the definition of asset management in iShares ETFs, in which the individual investor has the possibility of directly accessing the offer from the Invest Banca website www.investbanca.it. In a specially dedicated page it will be possible to obtain all the information relating to costs, reports and subscription methods.
iShares will assist Invest Banca in the creation of a portfolio line called "IBNavigator", which consists of two types of management to be launched starting from 15th July. All profiles are accessible from a minimum of 15.000 Euros, require management commissions from 0,8% to 0,9% with no entry, exit and performance fees and are directly available online on the Invest Banca website.
“The partnership with iShares, of which we are particularly proud, stems from the common idea of providing the customer with a simple, efficient, economical, innovative solution - says the General Manager of Invest Banca, Stefano Sardelli - offering an excellent service through a high quality product, to guide savers on the financial markets of the future. The customer will have the opportunity to access a highly innovative product and the expertise of an asset management leader, taking advantage of advanced and exclusive management technologies, directly from their PC or smartphone, all at an extremely competitive cost".
“We are very satisfied with the partnership with Invest Banca for the offer of online asset allocation solutions – comments Emanuele Bellingeri, iShares manager for Italy – which not only consolidates the digital vision in the development and distribution of innovative investment solutions, but also constitutes an opportunity both from a retail point of view and from traditional banking intermediaries. This type of agreement marks the step towards even more sophisticated systems such as those of "Robo Investing", on the direct channel, or "Robo for Advisor", on intermediaries, in which the main functions of ETFs, including flexibility and transparency, are strengthened by the efficiency and ease of use typical of technological evolution”.
