Our COO, Enrico Schoch, speaks to Amazon Web Services about how at Nummo ensuring the security of our customers’ data is our top priority. Enrico explains how we use the AWS cloud to achieve the same level of security as a Swiss Bank.
Should You Use an Actively Managed Robo Advisor?
Roi Tavor, CEO at Nummo, talks to Barbara Friedberg about using an actively managed robo-advisor, and put the decision of active versus passive investing simply: "First, how much are the total costs? Second, what does one get for that price?"
Hybridity Key To Betterment’s New Initiatives
Brian O'Connell talks to our CEO about Betterment and the threat of robo-advisors to human financial advisors. “Betterment has been at the forefront of the robo-advisor industry,” says Roi Tavor in this Advisor News article.
Nummo is a personal financial management platform that empowers users to live better by helping them manage, maintain and improve their financial health by providing the tools to better understand one’s personal finances and optimize them. The platform consolidates and analyzes a person’s financial situation, with conflict-free options to choose from. The platform gives users access to over 49,000 financial institutions, 17 robo-advisors with over 160 investment portfolios and more.
Nummo was founded in 2016 by a group of former Julius Baer executives, spurred by the belief that wealth management should not be exclusive to the one percent. To date the company has raised friends and family funding, currently has 11 full time employees and is headquartered in Zurich, Switzerland. US headquarters are expected later this year.
Facts & Figures
Founded in 2016
Overseeing >$500m of yearly user spending
Consolidating >19k financial institutions
Comparing 171 robo-advisor portfolios
EXECUTIVE MANAGEMENT TEAM
Co-Founder and CEO
Roi spent his entire career with Julius Baer, working in private wealth management. He rose to the position of Managing Director at the firm, leading various managerial functions and important segments of the business. He founded Nummo with the intent and profound desire to help the ninety nine percent improve their financial wellness.
Co-Founder and COO
Enrico is a seasoned IT executive, with over twenty years working in the financial services market. He strongly believes the time has come to democratize this industry through technology. He was driven to found Nummo out of his love for technology and the desire to help people get financially healthy.