White box test report
We put the Freiburg robo-advisor Whitebox through its paces. The Robo has been on the market since 2016 and has already won several awards. Among other things, Whitebox was named the test winner “Robo-Advisor of the Year 2020” by Brokervergleich.de in November 2020.
With his registration process the Robo-Advsior offers customers the opportunity to find the right investment strategy for them. The interested party has to answer a few questions about their financial goals, for example who they want to invest the money for and how much risk they are willing to take. There are no limits for customers when it comes to financial goals, and investors can also choose from several risk levels when it comes to risk tolerance – with Whitebox Value, for example, there are ten. The algorithm then calculates a suitable strategy and the interested party can open their depot directly and start investing their money.
The company puts, according to its own statement, its Focus on financial goals of its customers, with the constant option to flexibly adapt or change them. For example, investors at Whitebox can also save for their offspring.
Investors can initially choose from two different products with Whitebox: Whitebox Global and Whitebox Value. What might initially sound a bit poor for interested parties, however, hides some exciting investment opportunities. Because customers have the opportunity with Whitebox Value in undervalued asset classes to invest. With Whitebox Global you invest in a Product based on gross domestic product.
The opportunity/risk profile is calculated individually for each investor. With his Conditional value-at-risk strategy Under the motto “active where necessary, passive where possible”, Whitebox stands out among the other robo-advisors. The company keeps a constant eye on the portfolios and introduces them free rebalancing to restore the original risk classes.
As for the cost, the Freiburg robo-advisor is one of the cheaper digital asset management companies. The performance is also impressive: With an increase of 2.6 percent in risk level 2 in 2020, Whitebox is one of the better-performing providers.
Conclusion: As an editor, we have come to the conclusion that someone who is very interested in pursuing several financial goals at the same time and would rather put their money into digital wealth management should consider Whitebox. The robo-advisor offers customers an uncomplicated and inexpensive investment opportunity with good performance and an outstanding risk strategy.