Scalable Capital has seen its client assets double to €20bn within 18 months, fuelled by the rapid adoption of ETFs among European investors.
The German investment platform’s assets have ballooned over the last three years, reaching €10bn in August 2022 and more than doubling from one year before.
The growth has been largely attributed to high demand for ETFs as the firm’s client base has grown to over one million.
Two-thirds of customer assets at Scalable Capital are now invested in ETFs, with every second customer participating in at least one ETF savings plan.
The platform started as a digital wealth management service and broadened its offerings in 2020 to include a full-service brokerage.
Over the past two years, the company has expanded its brokerage services into Austria, France, Italy, Spain, and the Netherlands.
Scalable Capital also operates across Germany and the UK.
In January 2023, Scalable Capital hit a milestone of one million monthly ETF and stock savings plans as retail demand for investment products continued to accelerate.
The growth in retail ETF adoption across Europe is primarily due to the increasing popularity of ETF saving plans in recent years.
According to research by BlackRock and extraETF, the number of ETF saving plans in France, Germany, Italy, Austria, and Spain is expected to quadruple over the next five years.
Total annual investments in ETF savings plans are set to hit €64.3bn, having stood at €15bn in October last year.
