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Truewealth experience report 2024 True Wealth Review from Truewealth Test Alternative ETF savings plan Switzerland

True Wealth Experience Report 2026

Finding a low-cost Swiss broker to invest in ETFs is not easy. True Wealth is not a typical broker, but rather a digital asset managerwhich gives Swiss people access to ETFs. 

With more than 35,000 customers and more than 2.2 billion Swiss francs under management, True Wealth is not only the largest Swiss Robo Advisorbut can therefore also offer extremely attractive conditions.

This review shows you our detailed True Wealth experience report 2026.

The most important things at a glance:

The biggest advantages:

  • ✅ Very low total costs in the Swiss market (between 0.64%-0.72%)
  • ✅ Account can be opened in under 5 minutes
  • ✅ Eligible custodian bank with Swiss deposit protection and state guarantee
  • ✅ Pillar 3a without administration fee
  • ✅ Easy handling via web and app
  • ✅ Automatic tax report for the tax return

The most important disadvantages:

  • ❌ Relatively high minimum deposit of CHF 8,500 for free investments
  • ❌ No direct selection of individual ETFs or shares possible

Table of contents

ETF Switzerland explains indexing passive investing

What is True Wealth and what are ETFs?

True Wealth (TW for short) is one of the established Swiss robo-advisors that specialises in investing in ETFs - i.e. so-called passive investing.

Investments are not made in individual shares or even trading. Instead, the focus is on the market as a whole, thus minimising the risk of individual companies. Depending on the index (e.g. SMI = Swiss Market Index), the return historically varies between 4% - 9% per year.

How True Wealth works in three simple steps:

  1. You create an investment profile based on your goals and risk appetite
  2. TW creates a diversified ETF portfolio for you
  3. The robo-advisor manages your portfolio automatically and adjusts it regularly

True Wealth Performance is very similar to the market, but more on that later. The Robo Advisor offers you as an investor a very inexpensive and easy access to ETFs or passive investments.

The True Wealth fees look very attractive. Read on to find out exactly how the platform works, what the advantages and disadvantages are and what the True Wealth alternatives are.

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Advantages of True Wealth

  • Low fees: Depending on the strategy, the total True Wealth costs are between 0.64% - 0.72%. The True Wealth costs are therefore among the lowest in the entire market.
  • Few foreign currency feesTW optimises the investment strategy in such a way that as few currency exchanges as possible occur. The Swiss often neglect this! Because currency conversions from francs to USD etc. naturally cost money. If currency changes are necessary, only 10 pips (i.e. approx. 0.1% in relation to the transaction volume of the foreign currency) are charged.
  • Account opening in real time: Opening a True Wealth account with a photo ID is extremely fast and convenient, regardless of business hours or other factors. In our case, the opening process took less than 4 minutes!
  • Children's accountThe True Wealth children's portfolio is a very safe and attractive investment for children between the ages of 0 and 17.
  • Mobile Apps: The True Wealth apps are available for Android and iOs.
  • Pillar 3a: Precaution with the True Wealth Pillar 3a Solution and, if desired, even with automatic replenishment from the free investments and WITHOUT an administration fee!
  • Low riskko: Firstly, an investment in ETFs is a very broadly diversified investment. You are investing in countless companies at the same time and are therefore betting on the entire market. 2. your investments are held separately at True Wealth. In the event of insolvency or takeover of True Wealth, the securities are yours at all times. They are not lent out or taken into the insolvency estate.
true wealth experience report and review with comparison selma finance 2023 test report
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  • High security: All cash deposits up to CHF 100,000 are payable as of Swiss deposit insurance secured. Those who choose BLKB when opening an account even benefit from an unlimited state guarantee from the Canton of Basel-Landschaft.
  • True Wealth Performance: Depending on your strategy, your return or performance will vary. For example, if you choose a global strategy and invest in MSCI World ETF's, these have generated about 9% return per year over the last 30 years. TW will build you a balanced strategy and suggest commodities and e.g. real estate as an admixture. From this you can still add the Deduct True Wealth costs of approx. 0.7% and you can roughly estimate your return. Of course, it is impossible to predict whether the markets will perform as well in the future as they have in the past.
  • Uncomplicated: When you open an account, your risk tolerance is determined. Afterwards, you will receive an investment recommendation based on your answers, which you can implement directly. The process is kept very uncomplicated, yet important criteria are asked. You do not have to select individual stocks, commodities, etc., but the investment strategy designed by professionals is adapted to you. 
  • ETFsMore and more Swiss people want to invest in ETFs. They are uncomplicated and are becoming more and more popular. Unfortunately, ETFs are not yet very widespread or cheaply available in Switzerland. The costs at the major banks are very high and ETF savings plans are not yet directly available from any provider. True Wealth therefore makes it easy for Swiss people to invest in ETFs
  • Taxes: The tax report is automatically sent to your TW mailbox in the spring. So you don't have to search for all the individual investments, but just submit the report.
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Negative True Wealth experience?

  • Minimum deposit: A minimum investment of CHF 8,500 is not exactly small and may put off some potential investors. Does investing only make sense above a certain amount? There may be arguments in favour of this. But a balanced ETF portfolio can also be set up with a smaller sum. After all, True Wealth children's portfolios or the True Wealth 3a solution can be opened for as little as CHF 1,000.
  • Possibilities for intervention: The advantage of True Wealth's low complexity can of course also be interpreted as a disadvantage. Of course, True Wealth cannot be used to select individual shares or specific investments. Ultimately, that's not the point.
  • Fees: Yes, we categorised and praised the fees as very inexpensive above. Nevertheless, it should be said that long-term investors should keep costs in focus. ETF investors generally think long-term and avoid fees wherever possible. A larger ETF portfolio can be very cost-effective with a low-cost broker can be managed more favourably. However, you should not forget the costs of the investment process, taxes, etc.
  • Consulting scope: More extensive than with a broker, where "everything" has to be done yourself. But providers like Selma Finance sometimes offer a more in-depth service, for example in the form of a holistic financial check-up (special deal for Schwiizerfranke readers).
  • ETF savings plan solution: Anyone who wants to get into the Topic ETFs reads in, would like often open an ETF savings plan. This means automatically paying money from your custody account into the various ETFs every month. With True Wealth, this only works indirectly by setting up a standing order from your account to the True Wealth account. As soon as the money arrives there, it is automatically invested. You cannot temporarily store money in a True Wealth account. Worth mentioning, but not really a big deal. Especially if you have a inexpensive account from our test you have chosen.

True Wealth Alternative: Invest in ETFs yourself?

ETF investors could argue that it is cheaper to invest in an MSCI World ETF, commodity ETFs, etc. on their own. So let's make a comparison. There are some providers abroad that offer ETF savings plans on popular ETFs. ETFs free of charge be offered. Since costs for Currency exchange and a Currency risk unfortunately often forgotten in the process, we do not make this comparison.

Therefore, only a comparison with a Swiss broker makes sense. For this purpose, we choose the largest Swiss online broker Swissquote.

Swissquote offers favourable conditions on ETFs. However, in the long term, custody account fees account for a large proportion. Here are three calculations for ETF purchases at Swissquote:

 Swissquote examples:

  1. A portfolio of CHF 20'000 saved in 10 purchases of CHF 2'000 each: CHF 150 fee, which is 0,75% Swissquote fee.
  2. A portfolio of CHF 40'000 saved in 20 purchases of CHF 2'000 each: CHF 240 fee, which is 0,6% corresponds.
  3. A portfolio of CHF 80'000CHF saved in 40 purchases of CHF 2'000 each: CHF 440 Swissquote fee, which means 0,55% corresponds.

Rough explanation of Swissquote fees: Custody account fees of up to CHF 60,000 are currently charged at CHF 80 per year. This amounts to CHF 1,600 over 20 years. There are also trade fees. Up to CHF 2,000 trades, CHF 9 is charged per trade (+ stock exchange fees, which we have ignored here!). All Details here in the review.

Swissquote vs True Wealth: Only with a larger depot does self-direction really become cheaper. However, the effort involved and, of course, the risk should not be forgotten. After all, a self-managed portfolio may be inexpensive, but may yield a poor return. Swissquote also charges fees for tax statements (CHF 100) etc.

It must be clearly stated here: True Wealth or Selma Finance, for example, are definitely less complicated to implement. 

True Wealth vs finpension

True Wealth

ETF Platform
  • Very user friendly
  • Custodian bank choice: BLKB with state guarantee
  • Sustainability: Sustainable Investment Strategy
  • Management fee 0.5% + 0.15% Product costs
  • Customer service large
  • CHF 2.2 billion in assets under management
Redeem True Wealth voucher *
True Wealth voucher code: With the code 4445B992 you will receive CHF 100 fee credit in the first year - regardless of the size of your portfolio. You can enter the code when you register or up to 5 days later in the app.
TOP

finpension

Digital asset manager
  • Very user friendly
  • Full control over ETF selection
  • Sustainability: ESG strategies available
  • Administration fee from 0.39%
  • Competent customer service
  • CHF 4 billion in assets under management
Learn more about finpension

True Wealth Tutorial Video

Conclusion True Wealth Experience Report

Our True Wealth experience report shows that the concept is innovative in the Swiss market and therefore in high demand. The True Wealth assets under management is already more than CHF 2.2 billion and comes from around 35,000 investors! These investors regularly give positive True Wealth reviews and we can also provide this positive feedback.

The fact that you can only start from CHF 8,500 may hold back fresh investors. However, this should not be a knock-out criterion. Who would like to invest in ETFs in Switzerland, this can be done very conveniently with True Wealth and without much work for taxes etc.. Particularly noteworthy is also the combination with the True Wealth Pillar 3awhich allows a harmonisation of robo-advisor and pension provision. Overall, the True Wealth rating is therefore very positive!

If you want to compare innovative investment processes like the one above in the True Wealth vs finpension duel, you can use our Robo Advisor Comparison consider

What do you think of our True Wealth review? Is True Wealth a potential platform for you to diversify your portfolio? If not, why not?

We're interested in both, feel free to share your take in the comments!

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Redeem True Wealth voucher code! *

FAQ

With the True Wealth children's portfolio, a children's account can be opened and invested in for children aged 0 - 17.

The account is in the name of the child and is fully accessible to the child at the age of 18. Before that, the parents manage it.

The special thing? There is a separate access for the child so that it learns and experiences what becomes of the investments. Furthermore, the child can suggest strategies, which the parents then have to confirm before they are implemented.

Contributions from godparents or friends are also possible.

For this True Wealth Review we talked to the CEO Felix Niederer on the phone and did an interview. We have analyzed the platform and have been personally invested there for many years. Our True Wealth review hopefully shows that the platform is absolutely serious and trustworthy for us.
In the process of opening an account with TW, the robo advisor asks you about your financial situation and then suggests an investment strategy tailored to you. You can adapt the strategy and adjust it at any time in case of changes afterwards.

The Wealth Center also offers Robo Advising. However, here you have to appear at a branch to open an account. VZ fees are higher than True Wealth. 

The True Wealth ETF Look-Through allows you to see in detail which shares or securities are included in the ETFs you have selected.

This gives you full transparency about the underlying investments in your portfolio and allows you to see exactly which companies you are investing in indirectly. This helps you to make more informed investment decisions and optimise your portfolio in an even more targeted way.

The True Wealth bonus of CHF 100 will be credited to you as a fee over 12 months. To receive the bonus, enter the code 4445B992 either when registering or up to 5 days after registering in the app.

With smaller portfolios, you invest completely free of charge:

  • Portfolio of CHF 10,000: You save the entire annual fees (normally around CHF 65)
  • Portfolio of CHF 20,000: invest free of charge for six months
  • Portfolio of CHF 40,000: three months without fees

This is how the credit works: The CHF 100 is deducted from your management fees on a monthly basis. With a portfolio of CHF 15,000, for example, you normally pay around CHF 6.25 per month in fees. With the bonus, these are completely covered by the credit - you invest for a whole year free of charge.

Enter the code - this is how it works:

  • For new registrations: Field for voucher code directly in the registration process
  • Subsequently (up to 5 days): In the app under Settings → Voucher code → Code 4445B992 enter

Particularly attractive:

  • The credit applies to all your portfolios at True Wealth
  • Even if you have several custody accounts (e.g. free assets + children's custody account), the bonus will be credited to all of them
  • With pillar 3a (where there are no management fees), you retain the credit and can use it when you invest in free assets at a later date

Conclusion: The new CHF 100 bonus is much more attractive than the old 0.25% discount, especially for newcomers with portfolios under CHF 40,000. You can test True Wealth risk-free for one year. Important: The code 4445B992 must be entered no later than 5 days after opening the account!

109 responses

  1. For each successful referral, you and your referred friend benefit from 0.25% wealth management fee for 1 year (you save 50%),

    Reply

  2. First of all, thank you for the detailed comparison.
    I am currently invested with VIAC and Findependent and am toying with the idea of switching to TrueWealth. The 0% fees for the 3A account are just too good an offer. However, I have a question about this. I assume that you first have to open a "normal" portfolio with the minimum deposit of CHF 8500 in order to benefit from the 3A offer. But once the minimum deposit has been made, could you theoretically only save in the 3A account?

    Thank you in advance!

    Reply

  3. Hello everybody,
    Hello Eric

    Thank you very much for the very interesting, helpful and at the same time critical recommendation report. The report helped me a lot and motivated me completely to open an account with Truewealth. In this context, thank you for the code! 🙂

    I am aware that you are not giving any specific investment tips. Nevertheless, I would venture to ask the following question: Would you recommend paying in the contributions in excess of the minimum contribution all at once or - as I've often read - splitting them up to minimise risk and paying in a single instalment? If paying in in instalments: Is there a rule of thumb for the amount of the contributions and the intervals between them?

    Thank you again for the interesting and valuable information.

    Kind regards
    Helen

    Reply

    1. Hi Helen,
      thank you for your feedback!
      The scientifically correct answer would be: all the money (what you want to invest and can invest in the long term - i.e. what you can do without in the long term) at once.
      Psychologically easier: Set up a standing order with True Wealth and spread the amount over several months/years (depending on size).

      Hope this helps you 🙂

      No investment recommendation

      Reply

  4. There is a 3rd pillar 3a with True Wealth... There are no administration costs. Does it make sense to switch from Viac to True Wealth?

    Reply

    1. Hello Robert,
      The solution is brand new and very promising. Accordingly, the True Wealth Pillar 3a experience report is still pending or in progress.
      You'll hear news and my take on it here on the blog soon 🙂

      Reply

  5. Question about the fees:
    I have another question about the administration fees. TrueWealth states that these are not included in the tax statement.
    But is it still possible to see these somewhere, because I would still like to declare the fees in my tax return?

    Reply

    1. You can find your individual fees in the products used. The best way to do this is to watch the video tutorial at the top of the article.

      Reply

  6. Hello everybody

    I have had a custody account of around CHF 150,000 with TrueWealth for just over a year. I am satisfied with the handling.

    However, the current crises have caught me on the wrong foot: I only have around 50% in equities in the TrueWealth portfolio, so there are relatively many bonds in the portfolio. I really didn't realise that I could so easily make a loss of 6% with these "more bonds" (due to inflation and the rise in interest rates).

    Am I correct in assuming that this 6% loss with bonds is permanent and will not correct again (unlike the stock market)?

    Now I do not know what to do:
    - If I increase the equity component (e.g. to 80%), then I realise the current book losses on bonds.
    - If I continue to invest in the portfolio, I buy even more bonds that I don't actually want any more.
    - Just leave your custody account untouched and simply buy ETFs yourself from a broker (DeGiro)?

    What would you do?

    Merci & many greetings
    Thomas

    Reply

    1. Hello Thomas
      your stock quota of 50% surely had a reason or? Please check if your intention (to simply switch to 80%) is in line with your strategy/objective and time horizon.
      Personally, I just continue my standing order and invest every month. But you should always consider your investments individually according to your conditions.
      For financial questions about True Wealth, I can highly recommend their support. Just give them a call, they will help you quickly and competently.

      I would be interested in your feedback here!
      Kind regards
      Eric

      (No investment recommendation)

      Reply

  7. Very good field report,

    has also persuaded me to switch and I have been using TW successfully for 10 months.

    If you want to save the first year fees, enter the following code.

    Cheers

    Reply

  8. Hello Eric
    Thank you for your detailed descriptions.
    Meanwhile I use TrueWealth, on your recommendation, for half a year and am very satisfied. I was looking for an easy to use tool that helps me to manage my investments automatically and at a manageable cost.

    Thank you and I look forward to further exciting articles
    Greetings Dominic

    Reply

  9. Hello,

    one question, how high is the taxation or the tax rate in CH for the distribution of an ETF at the end? If I use it as a long-term investment for retirement provision.

    LG Corin

    Reply

    1. Hello, Corin,
      in brief: Dividends and interest are subject to income tax as normal. Price gains are not taxed. During the investment period, wealth tax is payable on the invested assets.
      Stamp duty of 0.075% is due on the purchase/sale. Furthermore, the domicile of the ETF is decisive as, depending on the domicile, the withholding tax on dividends applies (35%) or can be reclaimed. The reclaim is partly complex and not always successful.

      A roboadvisor like True Wealth manages these issues for clients very conveniently, which therefore often ends up saving frustration and effort on taxes. If you prefer to create an ETF portfolio yourself, you should take a close look at these issues.

      Does that help you? 🙂

      Reply

      1. Hello, Eric,
        thank you for your informative answer and helps also first of all further. For the domicile of the ETF I had also already read that with domicile in Switzerland traded ETFs you can reclaim the withholding tax! Since these are few traded ETFs and most have their domicile for example in Ireland, it does not look so. Since 35% is already a lot. right ?

        Reply

        1. Hello Corin
          Not only you as an investor, but also the ETF itself must pay 3% withholding tax on the income. An ETF domiciled in Switzerland on a Swiss index is tax-privileged. How difficult or easy the reclaim is, probably can not be said in general terms.

          Reply

  10. Hi Eric, I recently opened an account with Selma. Wondering if it makes sense to also open an account with True Wealth and split my investments between the two platforms? Merci.

    Reply

    1. Hello Robin, there is no general answer to this. What could speak in favour of it: You have different "investment pots" with different goals and time horizons. Then you could, for example, pursue an aggressive strategy in the True Wealth account that works towards an investment goal in 20 years. And with Selma you could invest towards a goal that you want to achieve in 5 years - which is why you invest less aggressively (i.e. less equity exposure) there.
      With regard to Diversification you must be aware, however, that the investment products partly overlap.

      Does that help you?

      Reply

  11. Hello everybody
    With this link you get True Wealth discount on management fee only 0.25% ...

    Greetings
    Robert

    Reply

  12. If anyone still needs a referral link that lowers True Wealth's fees by 50% for 1 year (even for me), feel free to use the following.
    I am very happy with True Wealth!

    Reply

    1. Hello Robert

      Have you already opened a free demo account? True Wealth will automatically take care of the regions for you in order to optimize fees for currency exchange, etc. directly. So you don't have to intervene here, just take a look at it in the demo account. Has this clarified the question for you?

      Reply

      1. Yes I have demo account however I have in it recommendations with bonds commodities etc. I want but only shares and do not know how much % on which markets would be advisable to distribute?

        Reply

        1. I have just entered a maximum risk tolerance. This results in an equity or ETF ratio of 98%. The "instruments" are then of course still broadly diversified for you: USA, emerging markets, Switzerland, ... True Wealth suggests a mix that you can/should only influence to a limited extent.

          Love!

          Reply

          1. Thanks for the info. In my demo account I can change percentages of USA, Switzerland etc. as I like by double clicking on stock cake hm....(found out by chance)...

          2. Right, thanks for the hint! In the pie chart you can adjust the geographical distribution. Maximum Switzerland? That will certainly save you some fees on exchange rates etc. but of course your diversification is not as broad as with a global spread. Since I don't give investment advice, I can't tell you here whether it's good or bad for you to change the strategy suggested to you.

            I invest with a suggested mix and am very happy with it 🙂 .

          3. Unfortunately I played with the suggested diversification so that I no longer know what percentage was suggested. I'll probably have to redo everything... Thanks for the great website...

  14. With this referral link or coupon, the management fee at True Wealth drops from 0.5% to 0.25% for 1 year, so you save 50% in fees!

    Reply

  15. I have after your report here set up a test account with TW. User interface is everything well Ersichtlich and Verständlich Dargestellt.

    BUT one disadvantage is really that you can't directly influence the type of ETFs you get, for example. TW says: "This is also not necessary" in a tooltip.
    For me, it makes a difference to have the choice between, for example, at least 2 of the well-known ETF providers for global/emerging markets/Europe/CH and possibly a dividend product because you can.... But at least it's going in a good direction.
    By the way, in general I do not understand why it is so difficult to take an example from DE/F how to really bring about their own selection and savings plan-capable ETF solutions. Sure in CH the fees will still be higher but not in the total as today of up to 5% seen over all including entry and exit.

    What also often leads to criticisms that many investors actually want to test the provider with 500-1000.- whether also yes everything works. Instead of saying ohhh that's for us providers but more effort than profit, you could also say if they are satisfied with us after eg.6 months, we demand a minimum flat rate for these expenses. I personally see a huge potential and market in the mobile spoiled CH. 🙂
    Further I have nothing against our banks but should there be an alternative they must not wonder for their own future in the investor market.

    Conclusion: Switzerland is years behind the digital development in this sector. On purpose?

    Reply

    1. Hello Tony
      thanks for your feedback, I hope the you is ok with you 🙂
      You have brought in a few topics here. Indeed, Switzerland still lacks a cheap online broker where ETFs (and other securities) can be bought cheaply on one's own and also purchased via a savings plan. However, since Schwiizerfranke exists (2019), I am observing some changes in the Swiss financial market and I am confident that we will see such a solution here soon.

      True Wealth does not have this claim and pursues a different strategy. What TW does, they do well - I can say that from personal experience.

      Dear regards!

      Reply

      1. Hello Eric

        Yes sorry there I have taken some topics with in.
        To come back to True Wealth: You are right, they do what they do well or rather very well, it is not because of that.
        Thanks for your feedback from above.

        Reply

  16. Thank you for the review. You've convinced me to invest with True Wealth.

    Thank you !

    Reply

  17. I had a look at TW and created a test account. I find it strange that you create a profile and then get a rather non-transparent mix where everything is automatically invested depending on the profile. This can lead to huge conflicts of interest that I can hardly control. I would like to choose the EFTs myself and not have to invest in something prefabricated.

    Reply

    1. Hello Danny
      You can change the investment profile by clicking on "Equities", for example, and then changing the weighting of the asset class. A change is thus made indirectly. You don't have to deal with the ETF selection, but a suitable solution is suggested directly.

      For those who actually want to intervene in the selection process of the respective ETF, Swissquote or perhaps SaxoTraderGo (only if invested regularly due to inactivity fee) are currently recommended.

      Reply
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