Switzerland comparison
The best robo advisor in Switzerland? It provides you with the right
questions like a good asset manager, is significantly more favourable
and absolutely transparent. These are three decisive criteria
for a Robo Advisor Switzerland comparison, isn't it?
In this article you will learn about various Swiss Robo Advisors
and compare them with each other. You will learn what makes a good
Robo-Advisor throughout Switzerland and whereupon
you pay attention to when choosing should. Because the range of digital
Asset Management Switzerland is expanding every year.
If you're in a hurry: 3 questions below, clear recommendation. Otherwise
directly to the tabular overview of all tested providers.
Rotate device for the best view! 🔄
| Finpension Invest | True Wealth | Viac Invest | Findependent | Selma Finance | Inyova | |
|---|---|---|---|---|---|---|
 |  |  |  |  |  |
|
| 🏦 Fees for administration | 0.39% all-in-fee | 0.25 - 0.50% | 0.25% | 0.29% - 0.40% | 0.42% - 0.68% | 0.6% - 1.2% |
| 🏷️ Product costs | 0.08% - 0.1% | 0.14% - 0.22% | 0.21% - 0.27% | 0.12% - 0.23% | 0.22% | - |
| 💰 Total costs | 0.47% - 0.49% | 0.39% - 0.72% | 0.46% - 0.52% | 0.41% - 0.63% | 0.64% - 0.90% | 0.6% - 1.2% |
| 🚦 Minimum investment | CHF 1 | CHF 8'500 | CHF 1 | CHF 500 | CHF 2'000 | CHF 2'000 |
| 🛡️ Where is your money? | Directly through finpension (FINMA-authorised securities firm) | With BLKB or Saxo Bank, in your name | Directly with VIAC (FINMA fund management) | Directly through findependent (FINMA-authorised securities firm) | At Saxo Bank, in your name | At Saxo Bank, in your name |
| 💡 Special advantages | - Divided Joint portfolios - Savings plans for deposits and withdrawals - Up to 10 Strategies - Tax benefits for ETFs and management - Private Equity Access - Pension provision and vested benefits also available | - Extreme inexpensive - On Swiss franc optimised 🇨🇭 - Optional sustainable Financial investment - Desktop and mobile app - Unlimited state guarantee for cash deposits with BLKB - Children's depot | - Payment plan - Multiple strategies selectable • Pillar 3a integrated | - Very inexpensive - Low minimum investment - App and desktop solution - Children's Accounts | - Very inexpensive - Optional sustainable Financial investment - Pillar 3a - App and desktop solution | - Focussed Sustainable investment - Pillar 3a - App and desktop solution - Children's Accounts |
| 👎 Disadvantages | - Aimed at persons resident in Switzerland | - Minimum investment for beginners a bit high | - US withholding tax 30% instead of 15% •High redemption fees (up to 1,25% upon transfer) -Trading only on Tuesdays | - No pillar 3a | - Fees could be lower | - Fees |
| 📲 Promotion | CHF 25 fees for free | CHF 100 fee credit - code CHFRANKE | Reduced fees | CHF 20 starting bonus | CHF 34 Start bonus | 6 months no fees + Plant 2 trees |
| 🔍 Schwiizerfranke Rating |  | |  | |  |  |
| Test report | Test report | Test report | Test report | Test report | Test report |
| For most Swiss people | finpension Invest - DA-1 eligibility, up to 10 portfolios, pillar 3a integrated, minimum investment CHF 1 |
| Families with children | True Wealth - Switzerland's only genuine child custody account (in the name of the child, transfer at 18 without sale) |
| With personalised advice | Descartes Finance - combines Robo with advice, rebalancing strategy, ESG as standard |
| CHF focus & stamp duty transparency | VIAC Invest - all costs incl. stamp duty and FX already included in the 0.46-0.52% |
| Beginners under CHF 500 | findpendent - first CHF 2,000 permanently free of charge, from CHF 500 |
Robo-Advisor recommendation is loaded ...
Eric Marschall, certified IAF investment advisor and founder of Schwiizerfranke, has been testing and comparing Swiss robo advisors with real money since 2019. The evaluation is based on the following criteria:
We never compare only the administration fee. Product costs, stamp duty and FX fees are also included - otherwise the comparison is worthless.
DA-1 eligibility and US withholding tax treatment are an underestimated return factor for Swiss investors - and are therefore explicitly included in our valuation.
Multiple portfolios, withdrawal plan, children's custody account, pillar 3a integration - anyone planning for the long term needs more than a simple custody account.
CHF optimisation, local support and Swiss regulation count more than international rankings. A robo from Germany is not automatically suitable for Switzerland.
Providers who clearly disclose all costs are favoured. Those who hide fees in the small print lose points.
No provider is recommended that we would not also recommend to friends and family - regardless of affiliate compensation.
| Total costs p.a. | 0.47% - 0.49% |
| Minimum investment | CHF 1 |
| Stamp duty | ❌ Not included. |
| FX fees | ✅ Incl. |
| Withdrawal plan | ✅ Yes |
| Multiple portfolios | ✅ Up to 10 |
| Pillar 3a / Vested benefits | ✅ Yes |
| Children's Accounts | ✅ Yes (via separate portfolios) |
| Tax advantage | DA-1 reclaim possible for selected ETFs according to the provider - up to 0.27% yield advantage p.a. (currently confirmed in Lucerne, varies from canton to canton). |
| Attention | Aimed at persons resident in Switzerland - clarify in advance if you plan to move away. |
| Who is it suitable for? | Investors with Swiss residency who want everything in one place |
| Total costs p.a. | 0.46% - 0.52% - incl. stamp duty and FX fees |
| Minimum investment | CHF 1 |
| Stamp duty | ✅ Incl. |
| FX fees | ✅ Incl. |
| Withdrawal plan | ✅ Yes |
| Multiple portfolios | ✅ Up to 10 |
| Pillar 3a / Vested benefits | ✅ Yes |
| Children's Accounts | ❌ No |
| Attention | US withholding tax 30% instead of 15% - DA-1 not possible. Trading only on Tuesdays. Redemption fees up to 1,25% for certain funds. |
| Who is it suitable for? | Cost-conscious investors with a focus on CHF |
| Total costs p.a. | 0.38% - 0.72% (degressive - more favourable for larger assets) |
| Minimum investment | CHF 8'500 (CHF 1,000 for pillar 3a and child custody account) |
| Stamp duty | ❌ Not included. |
| FX fees | ❌ Not included (0-0.1%) |
| Withdrawal plan | ✅ Yes |
| Multiple portfolios | ❌ Only one |
| Pillar 3a | ✅ Yes |
| Children's Accounts | ✅ Yes - the only real child custody account among the providers compared here (assets belong to the child, transferred at 18 without sale) |
| Custodian choice | Saxo Bank Switzerland or BLKB (with state guarantee) |
| Promotion | CHF 100 fee credit - code CHFRANKE |
| Who is it suitable for? | Investors from CHF 8,500 and families with a child deposit |
| Total costs p.a. | 0.41% - 0.63% |
| Minimum investment | CHF 500 (first CHF 2,000 permanently free of charge) |
| Stamp duty | ❌ Not included. |
| FX fees | ❌ Not included (max. 0.5%) |
| Withdrawal plan | ❌ Not yet available (planned) |
| Multiple portfolios | ✅ Yes |
| Pillar 3a | ❌ No |
| Children's Accounts | ✅ Yes |
| Own ETF selection | ✅ Yes (from ~40 ETFs, from CHF 5,000) |
| Promotion | CHF 20 starting bonus |
| Who is it suitable for? | Beginners and investors with smaller amounts |
| Category | Robo advisor with personalised advice |
| Total costs p.a. | 0.69% - 1.16% |
| Minimum investment | CHF 1 |
| Stamp duty | ✅ Mostly incl. |
| FX fees | ✅ Incl. |
| Withdrawal plan | ✅ Yes |
| Multiple portfolios | ✅ Yes |
| Pillar 3a / Vested benefits | ✅ Yes |
| Children's Accounts | ✅ Yes |
| Bitcoin strategy | Optionally possible |
| ESG focus | CO₂ optimisation by default |
| Who is it suitable for? | Investors who want advice without paying bank fees |
To answer this question, we should first take a brief look at how a robo advisor (also known as a digital asset manager) works.
A robo advisor is a Algorithmwho carries out a risk assessment of you and then assigns a predefined Investment strategy adapted and implemented for you.
That was too fast? No problem, let's take a step-by-step look at how a robo advisor works.
When you open a Robo Advisor, you will be asked questions in a similar way to a conversation with an asset manager at a bank. Based on your answers, a Assessing your risk tolerance created. So it checks how long you can spare your money (how long your Investment horizon is).
Furthermore, you will be asked, for example, whether you are able to withstand fluctuations in your investments, and what you would do in the event of a market correction. Should you have debts or other obligations such as a Mortgage or a uncertain income have, checks and considers this a reputable Robo Advisor also.
Once the Robo Advisor has received your information, it can evaluate it within a very short time. A previously defined Robo Advisor investment strategy is then adapted to you and implemented.
Most of the Swiss Robo Advisors rely on a passive investment strategy. This means that broadly diversified investments are made in financial markets in order to minimize risk.
Differences exist in Robo Advisor investment strategies mostly in terms of Sustainability (ESG). Some Swiss Robo Advisors are committed to 100% and position themselves as sustainable Robo Advisors. Some others, however, offer an optional adjustment of the portfolio at the push of a button if a sustainable investment strategy is desired.
Robo Advisor Fees are always guaranteed compared to performance. These are fixed and with good providers transparent and presented in a simple and understandable way. Hopefully, the following table will help you to estimate the fees. Note, however, that there are often still small deviations in the Robo Advisor fees. Currency exchange, stamp duties or other cost items are not always shown and included the same. The largest Robo Advisor cost items are broken down in the following table.
When choosing a robo-advisor, you should look beyond the advertised fees. Three cost factors that are often overlooked:
Depending on the fund, VIAC Invest charges between 0.025% and 1.25% on sale - the Emerging Markets fund is particularly expensive at 1.25%.
Depending on the fund domicile, 15% (Irish ETFs with True Wealth) or 30% (Swiss funds with VIAC) are incurred. This makes an annual difference of 0.12%.
finpension Invest is one of the few providers where, according to the provider, a DA-1 reclaim of US withholding tax via DA-1 form is possible for selected ETFs - up to 0.27% yield advantage p.a. (varies from canton to canton, check in advance).
A good digital asset manager sets for you convenient and inexpensive ainvestment strategy tailored to your needs.. He operates the so-called Rebalancing for you, so make sure your portfolio is always optimized and tailored to your needs.
Compared to the asset management at your house bank, the Robo Advisor will significantly cheaper be. Furthermore, he offers you a service that asset managers otherwise often only offer from seven-digit investment volumes.
With a digital asset manager, you always have the Control and thanks to website or app the Overview about your investments and finances. You don't have to rely on conversations with a bank advisor (which are often more like a sales pitch than an advisory meeting) to make adjustments to your portfolio.
Overall, digital wealth management in Switzerland offers you an inexpensive and personalised way to make your money work for you. You are fully looked after, receive documents for your taxes automatically and always have Contact for possible questions and still do not have to deal with the financial markets all the time.
Your key to success! Discover our top recommendations from real testimonials.
One of the biggest robo advisor drawbacks is the limited flexibility. You happen to have specialized knowledge and want to implement it in your investment strategy?
Depending on the provider, this is only possible to a limited extent. Some Swiss Robo Advisors allow adjustments to the strategy (e.g. adding precious metals, investing sustainably, or weighting certain countries more or less heavily). However, this has its limits, as otherwise the predefined strategy can no longer be implemented in a meaningful way.
You could also say that this is precisely the strength of a robo advisor, as it protects against irrational behaviour. With a classic robo advisor, you cannot, for example, set it to buy more Geberit shares and completely exclude ABB shares. Instead, investments are automatically made in a pre-defined investment strategy and your assets are conveniently managed for you.
However, with some robo-advisors you can specify that, for example, defence companies are excluded or that a special focus is placed on Swiss companies.
When the Digital investment without visiting a branch geographical borders no longer actually represent borders.
Watch out you should, however, from from a tax perspective and due to the currency risk.
A good Swiss robo-advisor optimises your investments in terms of Risks and in relation to taxes to Switzerland.
If you want to use the Leave Switzerland and want to spend your retirement in Thailand, for example, you can skip this point. But if you want to use your income in Swiss francs in the future, CHF optimisation makes sense.
After all, every Currency exchange also Exchange rate fees to. A good provider for online asset management throughout Switzerland takes this into account and minimises currency exchange.
When it comes to tax returns, some local providers even offer you a E-Tax extract on. This makes tax returns child's play, but more on that later.
Interim conclusion: When comparing robo advisors in Switzerland, it makes sense to focus on local providers. A Robo Advisor Switzerland offers more advantages locally than the best Robo Advisor in Europe or worldwide - especially when comparing wealth management in Switzerland.
Even if some providers want to distinguish themselves through special investment strategies or orientations, a comparison of robo advisor performance is not easy.
Schwiizerfranke has been testing some of the above providers for years with Robo Advisor Investments to create a Robo Advisor performance comparison.
So far, however, no clear picture has emerged, as the Performance of the robo advisor has fluctuated from year to year. It would not be serious to draw conclusions at this stage. The differences in performance over the years have not been great so far.
This observation in the Robo Advisor Performance Comparison is not surprising, since in the long run (+20 years) almost no one beats the market (source Gerd Kommer **).
The Robo Advisor investment strategy is only one side of the coin. While performance is never guaranteed, fees are.
"Intelligent people learn from the mistakes of others".
We have compiled our top selection for you from all our tests and experience reports:
In the best Robo Advisor Switzerland comparison, you can find out what a Robo Advisor is, what advantages and disadvantages it offers you and what you should look out for when choosing one.
Our favourite for most Swiss investors is finpension Invest - because of the DA-1 capability, the flexibility with up to 10 portfolios and the combination of free assets, pillar 3a and vested benefits in one place. VIAC Invest is also a very good choice for those who do not want to keep an eye on stamp duty and FX fees themselves. True Wealth is a strong choice for families with children thanks to the only genuine children's custody account in Switzerland.
The inexpensive Robo Advisor Fees are increasingly competing with banks.
In addition, many providers generally offer far more insights and Transparency into the investment process. Especially since the portfolio can be viewed in a Robo Advisor at any time and also changed if desired. More and more banks are recognizing this and are now offering their customers Robo Advisors themselves.
Anyone making a robo advisor comparison should, in addition to the Fees, the performance and the Strategy also on points such as the Tax statement and the Security pay attention.
Interesting would be, if you share in the comments, what is the most important criterion for you when choosing a robo advisor.
While some Robo Advisors offer investments starting at CHF 1, for others we are quickly talking about several thousand or even ten thousand francs.
Since not every investor has a high starting capital at the beginning, there is sometimes no way around a change of the Robo Advisor. So you can start with a Robo Advisor like Selma Finance or Findependent, where you can start with a small minimum investment volume. As your portfolio grows over the years and you want to further optimize the fees, you can consider switching.
Yes, but it works differently depending on the provider. The deposit guarantee of CHF 100’000 only applies to cash deposits, i.e. your cash holdings.
The providers featured offer three models:
Important: As a robo-adviser is designed to invest, cash holdings are usually less than 5% of the portfolio. All securities (shares, bonds, ETFs) are Special assets. They always remain your property and, in the event of the robo-adviser or custodian bank going into insolvency, are not included in the estate of the insolvency proceedings.
With digital providers, the users themselves often pose the greatest risk. Robo advisors that focus on IT security, however, have appropriate measures in place to deal with this preventively.
If, for example, a fake email lands in your inbox and hackers steal your login data, this is often of little use to them. With some robo advisors, the money can only be transferred to the deposited reference account.
Robo Advisor security in terms of IT is further complemented by two-factor authentication with some providers.
You can get a Robo Advisor tax statement from all providers, but there are differences.
The deluxe version? An E-Tax tax statement. If you do your tax return online, you can simply upload an E-Tax tax statement in almost all cantons and you're done! Your cantonal tax office can import this document and record all transactions automatically. You have about 1min of work.
Unfortunately, not all robo advisors offer an e-tax tax statement yet.
This depends on the provider. finpension Invest is exclusively for Swiss residents - if you move away, the custody account must be cancelled. True Wealth is more flexible here: according to the FAQ, the account relationship can also be continued abroad under certain circumstances - it is best to enquire directly with True Wealth. Anyone planning to emigrate should clarify this before opening a custody account.
Yes - and it can even make sense. If you invest in a targeted manner, you can use different providers for different investment goals. Example: finpension Invest for free assets, VIAC for pillar 3a. Important: Make sure that the fees are not disproportionately high for smaller amounts.
Avadis is frequently requested by Schwiizerfranke readers. The provider impresses with fair total costs of 0.55%-0.63% All-in-TER and a long track record - multiple Lipper Fund Award winner. As there is currently no digital self-service portal (app and web solution planned for 2026), Avadis does not fall into the classic robo-advisor category. Nevertheless, it remains an interesting option - especially for investors who prefer personal contact.
Eric is the founder of Schwiizerfranke.com and certified IAF wealth advisor. Since 2019, he has been helping Swiss citizens to organise their finances comprehensibly, independently and efficiently.
📌 Note: This article is for information purposes only and does not constitute personalised investment advice.
Hello Eric
A really fascinating website with lots of interesting and useful information. I’m interested to know which providers offer the investor protection of CHF 100’000 (which is standard for Swiss banks). Could you add this information to the overview the next time you update it? Thank you.
Warm regards, Pius
Good morning, Pius,
It’s actually not always easy to get a clear overview of this, which is why I’ve now added a new row to the table!
Hello Eric
I am also one of those who can only thank you for this site. Really great!
If I may have two comments. As an Avadis customer, Avadis is simply missing here for me.
The Avadis complete package also includes data protection. Really exemplary. Unfortunately, the central and increasingly important topic of data protection is never an issue on sites like this one. Although there were even court judgements about it in England after Brexit. Data analysis and effects had a massive influence on the Brexit decision. Quite a few people still believe that the decision was made today.
Some robo advisers as well as banks and insurance companies ask „no go“ questions such as „Can you overlook three months without a salary?“. „What is your annual salary?“. „Where do you see the market in 10 years?“. Up to 10 or more questions that have absolutely nothing to do with the actual business.
Officially, the ombudsman's office is not allowed to criticise these companies. Even though these same companies almost reflexively blame the state for almost everything when it comes to questions from private individuals. The ombudsman's office sometimes speaks plainly on the phone. If you ask as a private individual. I have to say that professionally, I have had to successfully complete „Date Protect“ training courses every year for years. What some robo advisers or the people behind them want to know is an absolute mess; it is a total disregard for data protection!
Some of the robo advisers listed here are a „no go“ for me.
Thanks a lot!
Kind regards
Ronald
Hello Ronald
Thank you for your feedback!
About Avadis: See FAQ below - solid provider, but without
digital self-service portal is not yet a classic
Robo-Advisor solution. We'll check back soon.
Data protection: Here I must briefly disagree. Questions about
Income, risk capacity or market expectation are not relevant under FIDLEG.
(Art. 10-14) statutory obligation - keyword appropriateness and
Suitability test. A provider who does NOT ask these questions,
is more problematic in regulatory terms, not more serious. That is
Investor protection, not data protection violation.
After all, the robo needs to know these basics in order to be able to suggest a suitable strategy.
Best regards
Eric
Hello Eric
Thank you for your brilliant site! I've now read through a lot of it, but I'm still undecided: How do I decide between finpension and True Wealth? Both seem inexpensive, «clever» and secure. My aim is to invest free assets «bit by bit». I have around CHF 15k available each year.
I have had an investment with Selma for several years, which works very well, but has comparatively higher fees. I also registered with SAXO, but I don't (yet) «dare» to put together a portfolio myself.
Another question: If I have the idea of emigrating from Switzerland in a few years, does it make sense to start anyway?
Thanks a lot!
Hello Corinne
Thank you for the praise - I'm delighted! 🙂
finpension Invest vs. True Wealth:
Both are top. And once you have reached this level of comparison, the minimum fee differences at CHF 15k/year hardly matter. Other criteria become more relevant - such as app operation, customisation options or the question of foreign countries.
Emigration:
This is the crucial point! finpension Invest is only for Swiss residents - if you move away, you have to close the custody account. True Wealth is more flexible here: according to their FAQ, the account relationship «possibly» can also be continued abroad. If emigration is realistic, I would enquire with True Wealth and, if in doubt, start there sooner.
Change from Selma:
Can make sense - you save about 0.3-0.4% per year, which adds up.
SAXO:
If you don't feel comfortable putting things together yourself, a robo-advisor is just right for you. No need to force yourself to do anything.
Does that help you?
Best regards
Eric
Hello, Eric,
In the roboadvisor comparison, only finpension says «Swiss residence only». Is it possible to continue the investment with all other roboadvisors when moving abroad - as a Swiss or C-resident (EU/EFTA)?
Hello Lisa,
Thank you for your question.
This is a topic that I am currently working on. Be sure to be in the Wealth Letter where you can find out everything you need to know!
Thanks - I've subscribed!
Hello
I would like to invest CHF 150,000 in free assets with either VIAC or True Wealth. I'm not familiar with investing - it's important to me that the robo-advisor makes the best possible decisions for me without me having to familiarise myself with the subject matter in depth. Is there a favourite from these points of view?
Thank you for your feedback,
Kind regards
Mary
Hello Maria,
Both providers will hopefully make the best possible decision for you or try to do so. It still depends largely on the strategy you choose and the fees.
Nevertheless, the provider should always be the ideal fit for YOU and you should feel comfortable with it - so I can't make the final choice for you. However, the comparison above will hopefully help with individual aspects 🙂
Hi, Eric,
Could you maybe also include Avadis in the table? Or give a brief comment about them?
A colleague of mine highly recommended it, but it's quite difficult to find clear information about their fees and what exactly is included in the TER.
It would be super helpful to see how Avadis compares to TrueWealth, finpension, and the others.
Hi Simon,
thanks for the input - will do my research and will add it!
Hello Schwiizerfranke, has there been an update on Viac Invest? The product will soon be 1 year old. Thank you and LG
yes, it's live 🙂
Hello Eric
If I have an investment horizon of 8 years, which strategy should I choose with a RoboAdvisor?
For example, if I have 60% stocks and 40% bonds and there is a stock market diver and I need the money, then the stocks would be sold as well since I can't choose what to sell when I withdraw.
If I invest with a broker myself, I could simply sell the 40% bonds and keep the (fallen) 60% shares.
Do I understand correctly that this can be a problem with the RoboAdvisor and how do I deal with it?
Many thanks and greetings
Michael
Hello Michael,
A digital asset manager should generally proceed very intelligently here and this should not become a problem. The real problem I see is that with your 8-year investment horizon, it may be necessary to access the money earlier.
In my opinion, it's more a question of whether or not you can spare the money for so long and invest it in such a risky way. If this is not the case, then the investment strategy should be chosen accordingly. Or you should tell the robo-advisor so that it can suggest the right strategy for you
Hi Eric
You could describe me as an interested person who is always stroking the honey pot.
When I read about robo advisors, I can roughly compare it to the advice I receive at my bank, is that right?
But I have to arrange this myself by investing in a Robo Advisor and also keep an eye on it, in return for which I could expect a higher profit.
And ideally with an investment strategy lasting several years?
The idea is preceded by the following scenario:
That's what my sweetheart did with her father's inheritance at her bank, in the hope that the deposit will now diligently make more francs over the years.
On the contrary, the profit/loss is roughly the same or even less than when the account was opened.
This is simply because the market is changing, was the banker's short answer, but you have to keep an eye on the long investment horizon.
An acquaintance of my better half gave me a tip about the VermögensZentrum, which I should now check out.
And during this research I stumbled across Schwiizerfranke via Preispirat, Saxo and others.
As I understand it, the most profitable option is a robo advisor like True Wealth, have I got that roughly right?
Merssi for your feedback
Griess Mike
Hi Mike
You got that right!
Robo-advisors are usually cheaper and more transparent than house banks. Your loved one probably pays high fees at the bank, which eat up the profit.
Yes, a longer investment horizon (10+ years) is important. Robo-advisors have lower costs, which means more remains for you. You retain control, but are fully supported.
With a broker (like Saxo) you would have to choose all the investments yourself.
My tip: Compare the fees charged by your bank with True Wealth. The difference will surprise you! VermögensZentrum is also an option (but more expensive) - take a look at all of them and then decide.
Greetings back!
Hello Eric
I am currently comparing the Robo Advisors from Finpension and TrueWealth. Unfortunately, I can't see any performance figures for TrueWealth for the last 5 years (with a maximum equity allocation).
Secondly, I ask myself, does it even make sense to hold a portion in bonds with these falling interest rates?
With a strategy of 60% shares, wouldn't it make more sense to invest the 60% portion with 100% shares and keep the 40% bond portion in cash or in an account? That way I would have the same level of risk with a strategy of 60 or am I wrong?
Thank you very much for your reply.
Thanks for your comment!
At True Wealth, you won't find any fixed performance figures, as each investment strategy is individual - depending on the risk profile, equity exposure, etc. The important thing is that a robo-advisor should not only maximise returns, but also actively manage risk - i.e. balance out fluctuations.
On the subject of bonds: Yes, when interest rates are low, it can make sense to hold more cash instead of bonds - but this is exactly what the Robo automatically takes into account and adjusts the weighting on an ongoing basis. If you want to control this yourself, you are better off with a Broker more flexible - with Robo, this task is performed by the strategy.
Hello Eric
I use the Robo Advisor from finpension with the "finpension Nachhaltig 20" strategy (20% equities, 80% bonds). The bonds are invested in a single fund with broad diversification.
If I set up the same strategy in the True Wealth test account, the 80% bonds are invested in 8 different products. I am now wondering, on the one hand, how sensible and safe it is to invest 80% of my invested assets in a single fund and, on the other hand, what the advantages and disadvantages of these different investment practices of the two robo advisors are.
Best regards Cleo
Hello Cleo
It's great that you're looking so closely at your strategy!
The main difference really lies in the structure: finpension invests in a single broadly diversified bond fund, which is very simple, cost-effective and efficient - but offers less granular control over individual markets or maturities.
True Wealth, on the other hand, is based on a division into several products, which further increases diversification. This could (theoretically) result in slightly higher costs - for example due to slightly higher transaction costs or more complex rebalancing.
Kind regards
Eric
Hello Eric hello community
I have a 3a account with Viac and would like to open a Viac Invest account. That's why I looked at the Robo Advisor comparison with interest. I realise that there is no data on Viac Invest yet, as it has only been around for a few months. But is it fundamentally safe and can I invest there with a clear conscience?
Hello Janine,
yes, definitely, that looks very good and safe 🙂
Thank you very much for your prompt reply!
True Wealth vs Selma vs Everon vs findependent
-> Fees / expenses and performance ?
Hi Eric, I'm leaning towards opening an account with TrueWealth.
They rebalance up to 5 times a year. This means that stamp duty is payable (as you mentioned above). Are there also taxes on capital gains? I am of the opinion no. The disadvantage of a Robo Advisor compared to a securities account would be that you cannot control how often your ETFs are sold and how much tax will be incurred...
With best regards
Andre
Hello Andre,
Correct, if you want to determine exactly how often rebalancing takes place, etc., you will probably have to invest on your own.
Thanks to Savings plans it's always easier.
Taxes on capital gains are never payable by private investors in Switzerland.
Dear greetings
Eric
Hello Eric and community
A few years ago, I opened an account with Saxo for free assets. The shares and a few ETFs didn't bring the returns I had hoped for due to my lack of skills and time...
I now (finally) intend to invest my 3a accounts and free assets in funds (ETFs or index funds). Due to my limited skills, I tend to favour solutions for "dummies". Strategy:
1. 3a account: defensive
2.-x. 3a account: medium-offensive to offensive
Free assets: offensive
I actually find True Wealth interesting because of its simplicity and low-cost fee structure. However, what bothers me about TW is that I have to have one and the same investment strategy for all 3a accounts and the free assets.
So is it better to work with several different providers?
Or do I value the "free choice" too highly and the bottom line is that I could choose a uniform risk strategy for all accounts (deposit min. 20 years)?
Finpension also makes a good impression for 3a and fV, but "only" offers funds from Swisscanto.
I look forward to hearing your experiences and opinions.
Best regards, Pierre
Hello Pierre
Thank you very much for your comment!
Personally, I am a fan of goal-oriented investments. Example: If you are aiming to save for retirement in 20 years' time with a 3a pot, for example, why invest defensively?
However, if the 3a pot is intended for an early withdrawal (e.g. for a home) and will be needed in five years' time, it should be approached defensively.
If you know where which money belongs, you can develop an investment strategy for each goal. By the way, I show you how this works in practice in the FinanzFahrplan (in german) 😊
Hello Eric
Use 2 or 3 Robo Advisors at the same time? Is that a good idea?
As you should also invest your money in a broadly diversified way, I thought of investing part of my money in 2 or 3 Robo Advisors. What do you think?
Best regards and thank you in advance for your reply
Tanja
Hello Tanja,
if you invest in a targeted way, this can be a way to utilise different investment strategies for different investment goals.
Just pay attention to the fees, you can use them depending on the volume so that the fees don't get "out of hand" 🙂
Is that still up to date? Because Kaspar& now has the 3a pillars.
Is inserted in the table and in the test report 🙂
Hello to you
What I find exciting would be a performance comparison of the providers - the available strategies can certainly be compared.
For example, True Wealth shows a meagre performance of 3.81% (time-weighted) in the current year.
Hi Toni,
the comparison is just not that easy to make.
The performance depends strongly on the chosen strategy and should only be compared over the very long term, if at all, and only with the same strategies (share proportion). But even then, the comparison should not only be based on the return, but also on the risk (fluctuation), for example.
Hello, Is there any update on the Robo Advisorn offering a children's portfolio? Greetings Remo
Hello Remo, here is a Contribution on the topic of "Investing for children".
But since there are not many robos yet, a separate contribution is not yet worthwhile.
I hope that changes soon 🙂
Dear greetings
Eric
Yes, True Wealth,
Hello
I have had a portfolio with TrueWealth for 2 years and am very satisfied with it. Even during price corrections, TW has reacted ok and has not shifted too much in each case.
A few years ago, I opened a children's portfolio for my son at the wealth centre, as TW does not (yet) offer children's portfolios. The VZ app and VZ website are mediocre and not very user-friendly. However, the VZ product 'Saving with ETF' is quite ok for a children's portfolio. Fees: approx. 0.7% (0.55% management fee + approx. 0.15% product costs). VZ provides tax statements free of charge. It is a pity that VZ is rarely mentioned in robo comparisons.
Greetings, Eliana
Dear Eliana
Thank you for your feedback. There are of course several other robo advisors, which is why this article is limited to the offers with the most questions from Schwiizerfranke readers 🙂 As you say, VZ is a little more expensive, but also offers more of an interim solution. As far as I know, you can also add or deselect individual ETFs. So it's a more "active" approach, like Clevercircles offers (albeit in a different way). What has not yet been fully digitalised at VZ is the opening process. Here you have to turn up in person and are greeted by a consultant in a suit. This appeals to some, while others prefer to open the securities account from home and contact the advisor by phone if they have any questions.
A Children's account Inyova also offers the rest.
Anyway, thank you so much for your feedback!
Dear greetings
Eric 🙂
Hello Eric
Yes, the VZ is conservative. It is also somewhat opaque. It was only during the consultation that I was recommended the most favourable investment product with the wooden title 'Saving with ETFs'. I still don't think this investment product is on the website.
I find the VZ approach rather passive. According to Gerd Kommer (or Andreas Beck), there is no such thing as completely passive investing. With VZ, you can choose between 7 investment strategies. If you want, you can still buy shares yourself.
What is attractive about VZ is that you can save for a 3rd pillar portfolio and then transfer the ETFs to a regular portfolio when you retire and continue saving. This is not possible with VIAC or frankly.
Thanks for the tip regarding Inyova. But it seems to me to be more expensive than VZ: "Inyova costs between 0.6% and 1.2% of your investment amount per year, depending on how much you invest."
Dear greeting, Eliana
With regard to the transfer of pension assets to free assets, please note that some providers advertise this. However, on closer enquiry, it is then admitted that this is not really possible anywhere. As other regulatory provisions apply in the area of pension provision, the funds cannot simply be "transferred". In the end, there will always be a sale and a subsequent purchase. This is not a tragedy; there may simply be transaction fees.
If this is not the case with one of the providers - please contact their marketing department!
Thank you so much for your input 🙂 .