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When Schwiizerfranke was founded, investing money in Switzerland was still complex or expensive for investors with small to medium assets. In the meantime, there are increasingly simple approaches for private investors. Findependent is one such provider that does this specifically transparent and simple in Switzerland made possible. We have Findependent Sync and corrections by n17t01 and would like to share our findings with you in this Findependent review.
What makes Findependent's offer special on the market and what speaks for and against Findependent, we clarify in this Findependent Review!
Since the spring 2021 stands the Findependent Investment platform available for investors. The founding team around Matthias Bryner has the mission of making investment in Switzerland as simple and understandable as possible for beginners.
Complexity is deliberately avoided, and everything is kept as simple and as transparent to reach newcomers at eye level. The strong digitalisation in the offer ensures low costswhich are intended to make investing more attractive for investors.
We find the concept exciting and have therefore agreed with Findependent on a Interview exchanged. The following information is the result of a conversation with the managing director.
What's important with young fintechs like Findependent is the Seriousness and Security of the financial investments. We therefore welcome the fact that Findependent has Mortgage Bank Lenzburg as Partner Bank has chosen.
Hypi Lenzburg", for example, is already known as the partner bank of Neon. In the registration process at Findependent, an account is opened in your name at "Hypi", where your investments and cash deposits are later held in your name.
This gives you security in the event of an emergency, as cash deposits up to CHF 100,000 and uncovered securities (shares, ETFs, etc.) are covered by the Swiss deposit insurance are protected.
Passive investing with Findependent
The Findependent investment strategy is passively oriented and is suggested for you after a short assessment of your risk profile. You can manually adjust the investment strategy afterwards, as you might have done with providers like Selma Finance or perhaps Frankly in the 3a area.
Currently the following are available 4 Strategies ("Prudent", "Balanced", "Bold" and "Risky") are available. The "Risky" strategy with 98% shares is particularly exciting for investors with a longer horizon (in our opinion at least 10 years). Incidentally, the well-known economist and professor Thorsten Hens from the University of Zurich is on the investment committee.
The Findependent strategies also contain shares in bonds, real estate and cash in accordance with the respective equity quota. They each consist of ETFs and thus implement a cost-efficient, passive and broadly diversified Investment Style.
For all "nerds": By the way, the currency risk is not hedged. The foreign securities are thus subject to a foreign currency risk. But hedging always costs ongoing fees, which is why this is usually not done.
Sustainable investing at Findependent
Sustainability is approached at Findependent via the exclusion procedure. The selected ETFs are screened and controversial companies that are involved in war weapons or oil production, for example, have been removed. The positive thing about this is that the sustainable approach has been implemented in such a way as to no increased costs and thus has a positive impact on our Findependent experience report.
Own investment solution with Findependent:
When Schwiizerfranke went online in 2019, there was no option for an ETF savings plan in Switzerland. With the subsequent launch of Findependent's "own investment solution", we are now getting heart-stoppingly close. Because Findependent has been offering the option of its own ETF strategy since the end of 2021.
You want your ETF savings plan instead of via Roboadvisor prefer to do it yourself?
At Findependent you can choose from more than 30 pre-screened ETFs and create your own ETF strategy. The respective ETF costs (TER) are listed in a structured overview and you can view the sustainability ratings (ESG) in the factsheets.
The Findependent Performance can be viewed transparently on the provider's website.
So before you decide on a strategy, you can analyse the historical Findependent yield for this strategy.
You can find these in the PDF fact sheets for each strategy.
| Up to CHF 2'000 | Up to CHF 50'000 | From CHF 50,000 | From CHF 150,000 | From CHF 250,000 | From CHF 500,000 | From CHF 1'000'000 |
|---|---|---|---|---|---|---|
| Free of charge | 0.44% | 0.42% | 0.39% | 0.37% | 0.35% | 0.33% |
Official Findependent Fees:
The minimum investment at Findependent starts at CHF 500. Up to CHF 2'000 there are currently no custody or management feeswhich is of course very customer-friendly.
The official Findependent fees start then from CHF 2'000 and lie with 0.44% per year. Added to this are exchange rate surcharges or stamp duties, for example. Details of the Costs with a Example you can find here at this link.
Overall, the costs are thus very inexpensive and are roughly in the range as Selma or True Wealth. Especially for beginners the bonus is very exciting, which is even better for you as a Schwiizerfranke reader.
Findependent fees for Schwiizerfranke readers:
For Schwiizerfranke readers there is a deal with Findependent. If you enter our code and then place your first investment with Findependent, you will receive a credit of CHF 20 to your Findependent account! What you have to do? Enter the Coupon code "schwiizerfranke" on!
Since 2023, they have made it possible for Findependent to Investing money for children introduced. So now you no longer have to hope for interest for your child or your godchild, but can also invest in shares for minors.
Important: Legally, the children's account is in your name. This way you can pay tax on it properly and transfer the assets to the child when you think the time is right.
Since Findependnt generally offers several investment targets or pots, you can now also save for several targets in parallel. You can see why this is so advantageous in the following example:
Those who already have a Findependent account or have been considering it were certainly pleased about the Findependent The Lion's Den Appearance. The young fintech was able to collect CHF 150,000 there for further developments.
Also the cooperation with Neon was strengthened as a result, as Roland Brack now invested in both Swiss fintechs. The attention generated by the Findependent Höhle der Löwen TV appearance also naturally attracted attention and thus new customers.
The brand of the 10,000 customers and more than 100 million francs under management could be broken in 2024.
We are curious to see what Findependent will launch next for its clients thanks to the investment. The own ETF investment solution was already an innovative solution that many people might have been waiting for.
Our Findependent experience are consistently positive so far. The reviews for Findependent are also positive on other platforms. very positive and the Findependent tests are solid and good.
Findependent is still relatively new. Should our experiences change, we will be happy to update and share them with you here.
In the meantime, we have even had the opportunity to meet the founder and CEO Matthias Bryner in person and exchange ideas with him. This further strengthened our positive assessment, as we were able to gain a good insight into the company's further development steps.
Because it is sometimes asked whether Findependent serious and one thing is certain: Yes, the provider is secure and trustworthy. This is shown by numerous real tests and this Findependent evaluation from us.
Our Findependent experience report can be very positive summarize. Because Findependent is straightforward, transparent and simple. Also other Findependent reviews on the Internet are very positive.
On the other hand, simplifications are always limiting. For those who like to actively intervene in their investments, want to see more information about the exact ETFs or the like, Findependent is not the right place.
But who likes Invest uncomplicatedly can test this at Findependent and deliberately keep the costs down.
We are excited to see how Findependent will establish itself on the Swiss market in the long run and how first investment experiences with real customer experiences will look like.
You have more Questions to Findependent or suggestions on the subject of investments?
Leave us a comment there!
Transparency Note: This post was created in collaboration with Findependent. We have not received any compensation for it. The presentation and description has been created independently and freely by us.
Your key to success! Discover our top recommendations from real testimonials.
In the world of finance, it's a constant race to offer the best conditions and the most efficient service. Saxo Bank Switzerland has recently revised its pricing permanently and is now positioning itself as one of the most attractive options for Swiss investors!
Price Currency: CHF
Operating System: Web
Application Category: Investment
22 Responses
I think independent is a great way to start investing and since the end of 2023, the returns have also been really fun again 😉
If you enter the Findependent code, you can also benefit when you open an account!
LG
Thanks to the registration code you will receive a lifetime discount on your first 1000 - no fees!
I've had a good experience so far. Findependent works together with Hypothekerbank Lenzburg. Feels like a solid company so far. When you open an account, enter the referral code and invest the first CHF 3,000 for life without administration and custody fees. I also got a code from colleagues. It worked 😉! I can only recommend it.
Hello Eric
First of all, a big thank you for your great work. I myself have been investing for over 20 years (for a long time it was with expensive active funds) and have gradually been able to adapt my strategies accordingly. I have also got to know most of the roboadvisors with all their advantages and disadvantages.
Passive investing is fun and should be for everyone. But what I'm missing (or I just haven't found what I'm looking for in all my products) is passive withdrawal. At some point the time will come and the money will be needed; having several million at the age of 90 is nice, but not necessarily practical.
With the active funds from PostFinance, you could set up a withdrawal plan and a fixed amount was paid out each month. In this way, an average price can be achieved when selling and you don't have to be actively behind it, which also keeps emotions out of the equation, which in my view is the most important thing when investing.
Do you have any plans for this topic, or does something already exist?
Greetings Marcel
Hello Marcel
Thank you very much for your kind feedback 🙂
The point you raise is very important. Withdrawal will come to us all at some point. Not all providers actually offer such automated payouts yet. But since most providers are still young, this topic will probably be at the back of the agenda, but hopefully it will come soon ...
I have already made a contribution here to the withdrawals written.
Kind regards,
Eric
Simply use the code to save on fees :)
Hey! I use the investment app findependent.
If you would also like to try it out, you can enter the code when you open your account and invest your first CHF 4,000 for life without any administration or custody fees. But you can start from as little as CHF 500!
I am very satisfied with Findependent's service. The platform is easy to use and offers a good overview. I particularly like the possibility of receiving allowances through referrals. With the code, you can receive an allowance of 1000.- when registering 🙂
I also started with findependent last week.
The code is there to save administrative fees up to 3000 Chf!
Hey! I use the investment app findependent.
If you also want to try it out, you can enter the code when opening the account and invest the first CHF 3,000 for life without administration and custody fees. But you can start with as little as CHF 500!
Learn more at findependent.ch
Hey! I use the investment app findependent.
If you also want to try it out, you can enter the code when opening the account and invest the first CHF 3,000 for life without administration and custody fees. But you can start with as little as CHF 500!
Learn more at findependent.ch
Super App uses this code and starts directly with 3000 CHF without
Administrative fees
I opened an account with findependent and so far so good for now, very easy to use. They'll also send a report to help file taxes starting this year, which should be quite helpful. You can use this code to get 2000 CHF managed free of fees for life when you open an account.
Thanks for sharing your experience with Findependent, Phil!
Danie for the report, findependet really good!
I am now writing my frustration about the whole neo-broker hype off my chest:
All these apps seem to be aimed at inexperienced, young and possibly naive newcomers to the stock market. They are lured with trendy themes, clicky apps, convenience and goodies for signing a contract.
The money-making begins for the operators when the assets of the new customers won in this way increases. Well, you can of course change the broker but that is associated with effort and the "super comfortable" customers are unlikely to do so. After all, it is statistically more likely that someone will divorce in 202x than that he will change banks 🙁
Let's make a few calculation examples and use Findependent because it is just so appropriate.
Kevin Klein(stinvestor) invests 1000.- for the next 40 years and we assume that his investment fund (after TER) yields 7%. With fees of 0.44% the 1000.- become 12700.- in 40 years. Sounds great! Without fees it would be 14970.-. 1170% or 1397% profit, that is already a difference!
Stefan Sparsam invests 100.000.- at Findependent. This results in fees of (100.000.- - 2000.-) * 0.44% = 431.20 p.a.
Ouch. He would have been much better off with Postfinance (90.00 fixed which are then also credited as trading credit).
I may sound like the Advocatus Diaboli but don't get me wrong. I have nothing at all against young people investing with a small budget and thus gaining experience. Let them burn their fingers and learn from it with relatively little loss.
What I miss in your praise is a hint that with _the_ cost structure such a solution is only worthwhile up to the amount of CHF xy and for higher amounts the broker x or y would be better.
Why don't you make an article: "Up to which amount are Neobrokers cheaper than [Postfinance / Swissquote / DeGiro]". In the above example of Stefan Sparsam the limit is 22450.
Just so my two deleted apps
Dear Alain
Thank you for your comment. You have expressed some important points and opinions. Here are a few thoughts from me:
- Findependent is also aimed at beginners, as investments are possible from as little as CHF 500. Perfect to gain first experiences and to get a feeling for investments. As the deposit grows, so does the knowledge and then a customer will possibly also accept the services of a broker. Comparing Postfinance Trading and Findependent 1:1 is a bit misleading in my eyes. Rather, you should then take the Postfinance Robo Advisor, which is probably one of the most expensive in comparison and is about twice as expensive as Findependent. The article on this will be published in 2 weeks.
- Those who have a larger portfolio/assets get better conditions with pretty much every provider. If a provider does not reward this and customers then switch, it is the provider's own fault. If customers are lazy to change as you say and then neglect a change and thus savings potential, this is a pity. But Schwiizerfranke naturally tries to encourage this with clarification and transparency. Your hint why this is not said with every post on Schwiizerfranke: No one wants to read a 5 page article which compares everything and every provider and every option with each other, if you actually only wanted to know whether a young Fintech is serious and what advantages and disadvantages it offers. Or not?
- In my opinion, providers that target non-wealthy customers have a very high relevance. The majority of our population was not born wealthy and did not learn how to handle money in school - if they can do that at all. In my opinion, you have to learn it yourself with "skin in the game" as they say.
This is just my opinion. Thanks for sharing your thoughts 🙂
Thank you for the testimonials about the different providers and roboadvisors for sustainable investing. I've been investing through Degiro for a few months now and I'm very satisfied because I don't only want to invest passively in ETF but also in individual stocks. For my girlfriend, who is not interested in investing, such a provider like Findependent or Selma is ideal. I introduced her to the different providers today and she finally chose Findependent. We wonder what the tax situation is like in Switzerland. Does Findependent issue a tax certificate, so that one can fill out the tax as easily as possible?
Thank you very much for the helpful articles and I look forward to the next Wealthletter.
Kind regards
Tino
Hello Tino,
thank you so much for your positive feedback and recommending the blog to others 🙂
The CH providers usually all issue a tax certificate, which automatically arrives in the spring at tax time. This is the case for Selma, True Wealth, Findependent and Inyova. (Unfortunately, this is not the case with Swissquote, where the statement costs CHF 100).
Your girlfriend has no trouble with a CH Robo Advisor like Findependent, but can write off the amount from the statement and give a copy of it ideally as a receipt for taxes.
Best regards and see you in the next Wealth Letter 🙂
Eric
Simply enter my code when opening the account and invest the first CHF 3,000 without management and custody fees - for life!🥳
With the friendship code you can increase the fee allowance to CHF 3000.
Findependet code, enter when opening and the first 1000 Fr. without management and deposit fees!