Finpension's Invest Wealth

20/20Hindsight

20/20Hindsight

New member
I’d love to hear your thoughts on Finpension’s Invest Wealth. They already offer a solid 3A option. Now, with their Invest Wealth product, they’re actively working on getting a FINMA banking license, which would allow (non residents) investments to stay even after relocating. This is great if the market isn't tracking so well at the time of departure.

Do you think this makes them a good choice for expats, or is it better to stick with something like IBKR?

Looking forward to your insights!
 
Baptiste Wicht said:
I think they have a solid product, like their other products. On the other hand, are you sure they allow non-residents to keep accounts?

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That's true, non-residents aren't allowed to keep accounts currently. After speaking with them yesterday they did confirm they are actively working on getting their FINMA licence which would allow non-residents to keep their investment. I think this would be huge for Finpension.
 
I can really see the benefit of a platform like Finpension being able to offer this to non-resident holders. For people who don’t want to overcomplicate things or deal with the hassle and stress of IBKR. It’s simple, and you wouldn’t have to worry about constantly balancing your portfolio. Our situations change, and the ability to leave Switzerland at any time without having to liquidate your investments (especially if the market is down) would be nice. You also have to consider the broader market of investors who want a low-maintenance solution without the complexities of IBKR.
 
I just see Finpension as a small company. Allowing non-resident accounts will increase the regulatory burden considerably. I'm simply not convinced that the market is big enough for Finpension to justify such increased workload. How many people are we talking about?

But of course we will find out if Finpension will do it.
 
I also think that they will first increase their reach in Switzerland with more products. But once they have covered all the important bases, they may try to expand outside of Switzerland. But as @gaijin said, this is going to be very expensive.
 
I agree that the regulatory hurdles are significant, but I think Finpension wouldn’t pursue a license unless they saw a clear market opportunity. The financial market in Switzerland could use a shake-up, and Finpension seems to offer that with its focus on simplicity and low fees.
 
gaijin said:
What is the benefit of this license? Offerings accounts to non-Swiss residents? Are there other benefits that might also be interesting for Finpension?
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I think the answer lies in what you’ve already mentioned. That said, not everyone with a FINMA license offers a wide range of services. The ability to provide accounts to non-residents is a clear opportunity, and that alone could be a significant benefit for their business.
 
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