Wealthface launches advanced robo-advice platform serving the MENA region

Announcement follows ADGM and SEC licensing


DUBAI, UAE/PRNewswire/ -- Portfolio management company Wealthface today announced the launch of its robo-advice direct indexing platform for passive investors in the Middle East and North Africa (MENA) region. The company will operate out of its UAE offices in Abu Dhabi.

Wealthface offers expert investment services through a blend of investment options, advanced Fintech and professional human expertise, and is licensed by both the U.S. Securities and Exchange Commission (SEC) and the Abu Dhabi Global Markets (ADGM). Furthermore, its recent partnership with US Global digital trading heavyweights "DriveWealth" will enable Wealthface clients to invest in US markets.

The Wealthface portfolio management platform was developed in-house by a team of quantitative analytical experts using a modern algorithm based on Nobel Prize-winning economic research. It is easily accessible to all types of investors through a user-friendly, tool-rich and intuitive system that optimizes individual investments and keeps investors fully informed of their investments' performance at all times.

The Wealthface platform offers investors of varying income brackets the opportunity to invest in high-value stocks, an opportunity typically unavailable for investments under a certain ceiling. These investments are made through fractional shares within exchange-traded funds of leading asset managers, and offered to clients at a low cost, without hidden fees, and no minimum deposits. Furthermore, the platform offers a complimentary automated service that rebalances portfolio asset allocation ensuring that portfolios are aligned with each client's investment goals at all times.

Bilal Majbour, Founder and Chief Executive Officer of Wealthface, said: "Our mission at Wealthface is to broaden access to investors previously unable to invest in certain asset classes and fill the gap which we feel is missing in the global investment market. Investment companies have historically profited at the expense of investors, through lack of transparency, hidden fees, and prohibitive measures that have kept many investors out of the game. Wealthface is here to change that. We aim to offer every type of investor, regardless of income bracket, access to profitable investment opportunities, using advanced Fintech and human expertise, while remaining fully transparent."

"The algorithm-based investment profile of Wealthface was developed to safeguard against adverse events, including market slowdowns and stock market crashes, through the systemic back-testing of data, which helps to optimize portfolios and protect investments from loss of value. This was evident in the recent market drop, where the Wealthface portfolio outperformed the market" he continued.

Adding to Majbour's comments, Jake Nuseibeh, Wealthface Chief Financial Officer, said: "We are fiduciary, which means our interest is aligned with our investors' interest. Our intuitive and responsive investment portfolios are designed with great precision in accordance with each of our client's investment goals, risk tolerance and other related factors."

In addition to the Robo-advise platform, Wealthface will offer investors Financial Planning solutions as well as expert advice from investment professionals, through three membership tiers serving every investor's needs regardless of investment amount; the Basic Account is available for deposits of any amount up to $100k, the Platinum Account for deposits between $100k and $500k, and the Infinite Account for deposits above $500k.

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases