Expansion of Trade Republic's Services from Stock Trading to Wealth Management
Trade Republic, a popular savings platform with over 10 million customers across 18 European markets, is expanding its services into Private Markets through strategic partnerships with Apollo and EQT.
The partnership between Trade Republic and Apollo aims to make private markets more accessible to a broader set of investors across Europe. Veronique Fournier, Apollo's Head of EMEA Global Wealth, stated that the partnership combines Apollo's expertise with the innovative power of Trade Republic.
This collaboration will provide individual investors with access to private markets, which can help achieve greater diversification in a professional wealth management strategy. The new offering from Trade Republic enables its clients to structure their wealth in a way that was previously only accessible to very wealthy and institutional investors.
According to Peter Beske Nielsen, Global Head of Private Wealth & Evergreen Solutions at EQT, the partnership provides individual investors access to a global and diversified private markets portfolio via EQT's proven strategies. The aim is to provide retail investors with the opportunity to invest like the wealthy, simply, securely, and at a low cost.
Following its expansion into banking, Trade Republic will roll out two additional asset classes, 30 days apart. The new asset classes will give Trade Republic customers the opportunity to invest in private companies, which account for 88% of the economy. Private markets account for a significant fraction of the total investable economy, but most individual investors' portfolios are limited to ETFs and shares of publicly listed companies.
Christian Hecker, Co-Founder of Trade Republic, stated that the platform aims to grow from brokerage into wealth management. The private asset class has outperformed public markets over decades, offering potential for higher returns.
The partnership between Trade Republic and Apollo aims to democratize private markets, addressing a broader set of investors across Europe. Apollo's Veronique Fournier expressed her pleasure in building on the continued democratization of private markets with this new partnership.
In the coming months, the two additional securities classes to be offered by Trade Republic will be available. However, no specific exact date has been publicly announced yet. With this partnership, Trade Republic continues to innovate and democratize wealth management, offering its customers new opportunities to grow their wealth.
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