Lighthouse Canton is offering accredited investors access to hedge fund strategies without hedge fund costs via the firm’s app store robo-adviser.
In partnership with WeInvest, a platform-as-a-service provider, it provides access to a range of strategies, asset classes and currencies with fees starting from 0.4 per cent as opposed to the traditional hedge fund two-and-20 fee structure.
Research from advisory PwC has found that 62 per cent of high-net-worth individuals in Asia-Pacific believe it is important for their financial adviser or wealth manager to have a strong digital offering.
“Lighthouse Canton operates at the cutting edge of technology. We believe our partnership with WeInvest will help us to service our clients better, with a robust and seamless offering,” says Lighthouse Canton CEO Shilpi Chowdhary (pictured).
Figures from Business Insider Intelligence predict that robo-advisers will take over 10 per cent of global assets under management by 2020 which equates to around USD8 trillion. The research also shows that such services will be predominantly used by pre-existing investors.
“Our primary goal remains to offer world class investment solutions to meet the specific financial needs of our clients,” says chief investment officer Rajesh Sundaresan. “We will continue to provide our clients with transparent and unbiased financial advisory services, using the most advanced solutions in the market.”