UK-based Investoo Group has expanded into the portfolio management industry with the acquisition of RoboAdvisors.com, a robo adviser comparison site.
RoboAdvisors.com allows users to choose their preferred robo adviser to meet their specific needs. The service will soon be offered on a new, easy to use platform.
Investoo group CEO Adam Grunwerg said: “Our acquisition of this dynamic robo advisor comparison site represents a major turning point in our company as we expand into the retail investments industry.
“Robo advisors is a rapidly growing market that we feel will revolutionize the personal investments industry. This acquisition fits nicely into our group of brands, alongside our investment and news portal Invezz.com.”
Investoo already has partnerships with other well known robo advisory firms. The latest acquisition is the firm’s fourth since December 2016.
Investoo group chairman David Merry said: “This exciting development is part of our commitment to revolutionizing personal finance and investment. We are always looking for growth opportunities to expand our reach into investment niches.”