A pan-European robo-advice firm is hoping to hook in the next generation of investors with a zero management fee for under 18s. ETFmatic, which operates in the UK and 31 other European countries, began offering the service in October. Nations hit the hardest by the financial crisis, such as Spain and Ireland, have provided the most clients, the firm said. Product director Johann Bornman said: ‘Time and compound interest are incredible allies in achieving your financial goals. A simple way to ensure the highest possible rate of compound (return), for the level of risk you are willing to take, is to keep your costs as low as possible. ‘Paying high fees might send your banker’s kids to nice schools, but severely impacts where your children will call their alma mater.’ ETFmatic also recently removed management fees for women for a limited period, in a bid to close the gender gap among its clients.