A happier retirement is in everyone's hands. By investing passively and with the help of the II. pillar, we can build a solid foundation for our future. Today, the state pension should be viewed only as the icing on the cake. Investing in ETFs is a great opportunity to take control of your destiny.
Whether a beginner or a pro, you'll appreciate the speed and simplicity of opening a Finax account. Just answer the elementary questions and the robo-advisor will choose the best solution for you.
Due to a long investment horizon, you can invest dynamically for retirement. Outperform mutual funds thanks to the lower fees and tax benefits of investing in index ETFs.
Past returns do not guarantee future returnsLet's start
The returns of most investment products are taxed. At Finax, you can avoid taxes. We manage the assets of Slovak residents without incurring tax liability if the investment period exceeds one year.
In Slovakia, the number of pensioners increases, and the number of people in the labor force decreases every year. Pension cuts are unavoidable. Around 2050, state pensions will cover only 33% of our income. Can you imagine having to slash your spending by two-thirds on your first day after retiring? We can't. Let's take our retirement into our own hands. If a young person starts putting away, say, €150 a month in a stock portfolio for 30 years, they can expect to accumulate €210,000* for retirement. That constitutes a monthly addition of €1,100 to their state pension, which is €600 at today's prices. Better, right?
*Based on the expected return of the Finax 100% stock portfolio. Investing involves risk.
Has it ever occurred to you that you can retire at an earlier age than the state mandates? Retirement is determined by one number, which may be the amount of wealth rather than age. That enables us to retire 20 years from now, for example. The followers of FIRE (Financial Independence, Retire Early) prove that it can be done. It all depends on what percentage of your income you can save and invest regularly. We'll be happy to tell you more in our blog.
Have you saved enough? You can have your funds available in your current account within 10 days. However, we think ahead, having designed a better solution when it comes to your pension - our Intelligent Annuity. It has immense advantages compared to a one-off withdrawal:
You can open an account in Finax simply and conveniently online. Click on Let’s start on the top menu bar. You will get to the registration, in which you can select the goal of the investing (product) and answer a few questions about the intended investment and your profile, based on which we will choose a suitable investment strategy for you. You will then create online access, biometrically verify your identity, provide personal information, verify contact details, and sign a portfolio management agreement online. Afterward, nothing will be stopping you from building your wealth effectively. More information.
Finax was founded by Juraj Hrbatý, a seasoned financier with 16 years of experience, together with Radoslav Kasík, who previously worked as a portfolio manager for 9 years. The company's management is completed with Ján Jursa, Ján Tonka, Zoltán Csiba, and Michal Vaculik with extensive experience from various departments of banks, securities traders, and asset management companies. More information about the Finax team.
Finax charges a portfolio management fee of 1% p.a. + VAT on the average value of the account during the year, deducted on a monthly basis. In case the volume of a client’s wealth managed by Finax is at least 100 thousand euros, this fee is reduced to 0.85% p.a. + VAT. In addition, clients may be charged a payment processing fee on deposits of up to 1000 euros 1% + VAT. Price list of services.
Finax offers several discounts, thanks to which you can make your investment with us even more profitable. We regularly bring clients various special offers, but we also provide several permanent discounts, thanks to which you can exempt part of your assets from the portfolio management fee: discount for inviting a friend or discount for transferring investment to Finax from the competition.