Transfer your investments to Finax and receive a discount of 50%
Finax offers a unique investment tool with revolutionary benefits for your money. If you are already investing with somebody, we will take that into consideration. Now you can invest even more efficiently with Finax. In addition to favorable conditions, we offer you a discount on your investment transferred to Finax - we will manage 50% of its value free of charge for 2 years.
Radoslav Kasík | Our process | 4. August 2022
If you move your investments to Finax, we'll manage half of the transferred value for 2 years at no charge.
Getting this generous discount is simple. You need to exit your current investment, transfer the funds to your Finax account, and provide evidence of the previous investment’s termination. More detailed information can be found in the article below.
Do you want unrivaled conditions for your assets?
The fees are one of the most important factors that affect the outcome of the investment. When investing, higher fees usually affect the appreciation negatively. To get the most out of your money, the fees are one of the key information for you.
In Finax, we know the role of fees. When we created Intelligent Investing, we took into consideration the impact of fees on investment so we could create an effective investment tool for you.
Thanks to low fees and a passive approach to investing through ETF index funds, our portfolios perform well above other investment alternatives on the market.
In addition, Intelligent Investing return is completely tax-exempt after a year for Slovak tax residents.
The attractiveness of Finax also lies in risk management. Investments are perfectly distributed among thousands of securities and the ratio between yield and risk is one of the highest in the market.
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These Intelligent Investing parameters alone make it an ideal place for savings. But we do not focus only on new investors. We also try to make our products even more favorable for people who already invest.
If you care about your money and want to invest more effectively, you have the option to move your investments to Finax. We remunerate such a transfer with a discount. We will manage 50% of the value of the transferred investment free of charge for 2 years. With this discount, you can reduce the already low fee even more.
For example, if you have EUR 10 000 in mutual funds, and you choose to sell and transfer the amount to us, we will manage the EUR 5000 in your account free of charge for the next 2 years.
How can you receive the discount of 50% on portfolio management?
The following products are considered to be an investment on which we grant a transfer discount:
- investments in mutual funds,
- securities purchased directly in banks or investment firms (ETFs, bonds, stocks, certificates)
- managed portfolios at investment firms,
- investment life insurance,
- building society account,
- real estate
The minimum amount of the transferred investment to be eligible for discount is EUR 1000, i.e. the minimum discount is EUR 500 managed free of charge.
The easiest way of transferring an investment and obtaining a discount is to sell it and withdraw the money at your current financial institution. Your funds must be paid out to your bank account and after that they can be transferred to your Finax account.
You receive a discount from the date the funds are received in your Finax investment account or from the date of the receipt of the documents attesting the completion of the investment. You can choose an investment account to which we will credit the discount, or we can split it between multiple accounts if all of them are openned in Finax.
To be eligible for discount, you must transfer funds to Finax no later than 30 days after the end of the previous investment, i. e. from the return of participation certificates, the sale of real estate, the sale or payment of securities or cryptocurrencies, payment of the surrender value of an insurance contract or building society account.
You simply provide evidence of the transfer of the investment with documents clearly indicating the termination of the investment, which you have to send by e-mail to email@example.com (scanned or readable photo).
The documentation must include:
- a clear statement and confirmation of sale
- the date of the transactions or termination request
- your name and exact identification,
- the value of the transactions.
Accepted documents as evidence of the termination of investment are, for instance:
- confirmation of sale of participation certificates,
- confirmation of realized sales,
- statement from broker account,
- confirmation of termination of insurance,
- termination of the contract with the stated surrender value,
- confirmation of termination of building society account,
- print screen from the online overview of the trustee/broker accounts, where the required parameters stated above are clearly visible,
- commercial purchase agreement
It is also possible to complete the investment termination documents with the details of the payment received on your bank account from internet banking (printscreen / screenshot) if the termination is documented by e. g. confirmed request for sale or return of participation certificates, termination of insurance contract/building society account.
All discounts offered by Finax can be combined. In addition to the discount on transferred investment, we offer a friends referral discount. Because of this, if the Intelligent Investor is active enough, Finax account can be managed completely free of charge.
If you are interested in transferring your investments and have related questions or you are unsure about the transfer process, please contact us and we will be happy to help.
We will help you get started and learn more about Finax.
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Do not hesitate when choosing the place for your money. Also, do not wait until the value of your loss-making investment with a competitor reaches zero or earns you just enough to cover the pre-paid fees. With a better product you will overcome the losses much faster.
We will help you get started and learn more about Finax.
If you are interested in what investment product you are currently using, please contact us and our experts will gladly analyze your portfolio.