SEATTLE--(BUSINESS WIRE)--LendingRobot announced today a new robo-advisor product for Lending Club, called Adaptive Portfolio Rebalancing (AdPR). The new AdPR product is designed to improve investor returns on Lending Club by actively monitoring user portfolios and the secondary market in search of underperforming or underpriced loans, respectively. LendingRobot’s enhanced model, available only to investors with a minimum $20,000 under management, detects when it is possible to increase returns by offloading a note, or by seizing good opportunities on the secondary market. As with all LendingRobot products, the AdPR model is fully autonomous, without any need for user oversight or action once they opt-in.
“Robo-advisors have largely been considered tools that perform two basic functions: create a properly diversified portfolio and reinvest new cash or income according to a static investment strategy, but we are capable of so much more,” said Emmanuel Marot, CEO of LendingRobot. “The real dream of these kinds of algorithmic solutions is a super-human financial advisor that monitors and takes advantage of every single opportunity to improve your returns 24 hours a day. With Adaptive Portfolio Rebalancing, we are taking a massive step in that direction.”
LendingRobot clients who want to take advantage of Adaptive Portfolio Rebalancing simply need to check one or both of the boxes now available in the “Strategy” section of their dashboard. As long as LendingRobot is managing more than $20,000 for the client on Lending Club, AdPR will start as soon as that box is checked. For new users, AdPR features will be enabled when they sign up for LendingRobot and they can choose to opt-out. When creating a LendingRobot account, new users set their investment strategy using the simple “aggressive” to “conservative” slider and then check or uncheck the AdPR boxes below the slider. All AdPR activity will be matched to their overall investment strategy.
“The U.S. Treasury whitepaper on marketplace lending underscored the need for an active and stable secondary market,” continued Mr. Marot. “We see this product not only as a way to maintain and accelerate that healthy secondary market, but also improve returns for investors that will be better able to capitalize on the increase in secondary market activity we’ve observed in recent weeks.”
The AdPR product is fully transparent and notes bought on the primary or secondary market are clearly distinguished on the website, in the client dashboard, and in the daily email digest we send of all LendingRobot activity. Clients who do not wish to continue using AdPR can still opt-out of one or both of the AdPR functions. There is one checkbox to allow buying existing notes on the secondary market, and another to authorize trying to sell notes.
Lending Club users or new investors to marketplace lending can sign up for LendingRobot at www.lendingrobot.com. LendingRobot is also the only service that provides a free mobile dashboard for iOS and Android that lets investors on Lending Club, Prosper, or FundingCircle to track and analyze their portfolio across one or all of those marketplaces. The LendingRobot Dashboard is available in the iOS App Store here: https://itunes.apple.com/us/app/lendingrobot-dashboard/id1086703758?ls=1&mt=8 and the Google Play store here: https://play.google.com/store/apps/details?id=com.lendingrobot.mobile.
LendingRobot is a fully automated investment service for peer lending platforms including Lending Club and Prosper. After signing up for a LendingRobot account, investors select their risk tolerance and enable LendingRobot to instantly make investments on their behalf. Based in Seattle, Washington, LendingRobot has raised $3 million in Series A funding led by Runa Capital.