LendingRobot, the peer lending robo-adviser, has launched a product connecting to the Lending Club platform called LendingRobot For Advisors.
The product is built to merge the best of machine-based high-speed investing with the supervision of registered investment advisers.
Financial advisers can manage all of their client accounts through a single unified dashboard while leveraging LendingRobot’s algorithmic investment strategies and automated portfolio management.
The new product is the result of a close collaboration between LendingRobot and Millennium Trust, which provides custodial services for financial advisers on the Lending Club platform.
“Our goal as a company has always been to empower individual investors in peer lending with the best tools to compete with the ‘big guys’ by automating everything from initial investments, to reinvesting cash returns, to pricing and selling on the secondary market,” says Emmanuel Marot, CEO of LendingRobot. “Managing that process to maximise returns within even a single portfolio is a herculean task. Today, if you are a financial adviser with 30 clients all interested in diversifying with peer lending, that task is next to impossible. Even the best chess players today are a team of two: a computer and a human. This is why we’ve created LendingRobot For Advisors – bringing together the expertise of human advisors with the automation and simplicity of our algorithms.”
Advisers who sign up for the product create a parent account and then link accounts of clients under their supervision.
They are then able to create unique risk and investment profiles for each client, which, in turn, are managed by LendingRobot algorithms according to each preference. Results and reporting for any individual client, or as a unified dashboard across all client accounts are available to the adviser. Client assets remain secure in Millennium’s custody.
Clients may get started with as little as USD25.
