【Revolut launches retail wealth app Revolut Invest】 Golden Finance reported that financial technology company Revolut Ltd. is splitting its 8.5 billion euros ($9.5 billion) wealth management products into independent applications, seeking to compete with companies such as Robinhood and eToro for a larger market share of retail investors. The app, called Revolut Invest, will offer nearly 5,000 assets at its debut, including U.S. and European stocks, exchange-traded funds, commodities and bonds, as well as new products such as contracts for difference. The bank said in a statement on Tuesday that stock and bond investments will face a fixed fee of 0.25% or 1 euro, while the charges for contracts for difference may vary. Rolandas Juteika, regional head of wealth and trading at Revolut, said in an interview that the app is currently being tested in Greece, Denmark and the Czech Republic, and will be launched in other European Economic Area countries by the end of this year. He added that the plan is to double the number of assets available for trading in the same time. Juteika said users who sign up for Revolut Invest will go through the same onboarding process as Revolut bank customers, meaning they will have the option to use the bank’s full range of services if they later download the main bank app. Bank customers will still be able to invest through the main app.