WeInvest provides banks, wealth and asset managers, insurance companies and independent financial advisers with an end-to-end investment offering.
This offering covers the tech platform, investment strategies, operations, execution and custody.
Last year, OBC Bank began piloting a robo-advisoy service developed by WeInvest in an effort to win business from novice and market savvy investors.
Susan Soh, Schroders chief executive for Singapore, said: “Many of our distribution channels are actively evolving their platforms to equip their wealth advisors with digital tools to manage and service their clients more effectively, and to provide digital advice”.
“We believe this investment opens up opportunities for closer collaboration with our distributors, through a platform that enables them to tailor solutions for their clients,” Soh said.
Terms of the deal, set to be completed in June, have not been disclosed.