Saving for Children

Grant your kids a good financial start in life.

Let's start

Give your children more

We give our kids a lot - values, education, and beautiful memories. Let's also grant them financial literacy and start in life, ensuring calmer living for them. Build their wealth via index ETFs.

Owner

You or your child

To be in full control of your money, open an account in your name. If you open it in your child's name, it will get all rights, responsibilities, and access after reaching the age of majority.

Performance

of 9% annually

Start investing for your kids right from birth. Compound interest will multiply their wealth generously before reaching adulthood. Save on fees by choosing index ETFs.

Past returns do not guarantee future returns

Let's start

Taxes

Yes, even kids have to pay them

Luckily they don't have to in Finax. We manage portfolios without incurring tax liability. If you live in Slovakia and leave the funds invested for at least a year, their returns will be tax-free.

Do you have a set goal?

Do you have a clear idea of what you want to achieve by investing and when you will need the money? For example, do you want to save for your children's studies abroad? Calculate how much money you'll need. When opening an account, we'll recommend a deposit amount to help you save that amount.

Don't have a specific plan and simply want to save for children according to your abilities? That's also fine. When opening an account, we'll quantify what you can expect to earn.

Let's teach our kids financial habits

According to US statistics, a shocking 70% of millionaire children lose their parents' inherited wealth due to poor financial decisions and lack of financial literacy.
Let's teach our kids to make correct decisions and build good habits.

Read about the son of the founder of Finax who had his own investment account at the age of 8 already.

More children?
Save for them separately

Each of your kids is unique - whether by age, talents, or dream future professions. For a better investment setup and a good overview of the progress towards the goal, we recommend you create an individual plan for each child. Opening an account is free at Finax.

  • Each child can have a separate account
  • You can open several investment goals for your child (wedding, housing, studies)
  • Involve them in decision making, e.g. if they want a new bike, save for it together.

What can you gain?

Create an investment plan. Find out what is there to gain by investing. You can start from as little as €20.

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6 years

Past returns do not guarantee future returns

advisor-photo
Represents theoretical outcome of a Finax model portfolio with 8% p.a. return with only asset management fee considered. Real return will depend on financial markets and outcome of your investment may be a loss. Presented investment strategy may not be suitable for every investor.

Start saving for your kids

With the largest digital asset manager in Central Europe

More about Intelligent Investing Let's start

Look at our blogs, podcasts, webinars

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How to Create a Long-Term Financial Plan

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02. September 2022

6 Tips to Teach Kids Handle Money

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Comparison of Investments After Challenging 6 Months | Finax.eu

25. August 2022

Comparison of Investments After Challenging 6 Months

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As a Property Ages, so Does Its Return | Finax.eu

17. August 2022

As a Property Ages, so Does Its Return

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Investment Properties‘ Best Years Are Over | Finax.eu

04. August 2022

Investment Properties‘ Best Years Are Over

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Transfer your investments to Finax and receive a discount of 50% | Finax.eu

04. August 2022

Transfer your investments to Finax and receive a discount of 50%

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Finax Has Increased Its Capital – Stronger and Safer Once Again | Finax.eu

19. July 2022

Finax Has Increased Its Capital – Stronger and Safer Once Again

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DO YOU HAVE FURTHER QUESTIONS?

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.

All frequently asked questions

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