MADRID, 21 Feb. (EUROPA PRESS) -

The neobank Revolut has decided to launch its 'roboadvisor' in Spain to strengthen its offer of investment services, as reported this Wednesday in a statement.

The bank's clients will be able to invest from 100 euros through this tool with an annual management fee of 0.75% of the portfolio value, charged monthly.

Likewise, investors will be able to configure recurring transfers to their portfolio to make periodic contributions to the fund portfolio. The 'roboadvisor' will automatically rebalance clients' portfolios based on asset performance and conduct periodic reviews to maintain client risk tolerances and target portfolio allocations.

“We are now actively working to expand the range of investment opportunities available through our robo-advisor, and to integrate even more financial planning tools,” said Rolandas Juteika, Head of Wealth and Trading at Revolut.