PAY LESS,
EARN MORE

You will save 1.15% annually on fees with Finax,
that much higher will your appreciation of investment be.

A penny saved, is a penny earned.

Benjamin Franklin
Benjamin Franklin

At Finax you invest with minimum fees, what means higher returns for you

  • portfolio management fee at 1% + VAT (20 %)
  • no entry fee for one-time investments
  • 1% + VAT (20%) Payment processing fee, valid only for deposits below 1 000 €
  • no transaction fees
  • no fees from the profit achieved
  • no hidden charges
Funds investing in equities
Entry fee
Management fee
Index funds (ETF)
0%
0,2%
Mutual funds
5%
2%
Comparison of ETF fund costs against the costs of investment to mutual funds.

Finally earn money while investing

We have compared the impact of fees on the profitability of investment via
products of Finax and the most popular investment products in Slovakia

foto poradca

For the purpose of comparison, we used the average of the fees of the 4 most widely used investment products in the Slovak market. This is the Rytmus from Amundi Asset Management a.s. (formerly Pioneer Asset Management - Dynamic Portfolio), Equity funds of Tatra Banka, a.s., FlexMax Konto from Cornhill Management, o.c.p., a.s. (equity funds) and Smart Investment Program of assets from Slovenská sporiteľňa, a.s.

foto poradca

The given example of a lump sum investment of € 50,000 in equity funds calculates with an investment horizon of 30 years. The appreciation is constant - 8% per year. The portfolio management fee is charged in the example once a year at the end of the calendar year from the value of the investment adjusted for appreciation. The entry fee for crediting deposits is deducted at the beginning of the investment horizon from the total amount invested. The amount that is actually invested is thus reduced by this fee. The resulting amount is rounded to € 50.

foto poradca

The example of a regular investment assumes the investment of 100 € each month for 30 years. The returns of the investment are constant, at 8 % per year. Each monthly payment is being reduced by the entry fee. Administration and management fee is being charged on a monthly basis from the total value of the account, without inclusion of the new monthly payment, while its value is the twelfth of the yearly fee. The performance is being calculated for each month in compound interest. The resulting sums are rounded to 50 €.

foto poradca

Under entry fee for crediting deposits, we understand all costs associated with the receipt of payment from the client and provision of financial instruments. Entry fees, in case of competition, are a simple arithmetic mean of the fees of the four products. In Finax, these fees are charged as deposit fee only for deposits below 1 000 € at the amount of 1% + VAT (20 %).

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The management and maintenance fee includes the costs of portfolio management and administration by Slovak Financial Instrument Managers (fee for portfolio management, administration fee and custody of financial instruments) and as well the costs for maintenance and management of individual financial instruments such as mutual funds (management and maintenance fee of the fund). Management and administration fees in case of competitors are being calculated as simple arithmetic mean of those fees stated for these four products. Cost of investment in case of Finax products includes a management fee of 1% per annum + VAT (20 %) and management and administration fees within the ETF funds (on average 0.2% p.a.), that make up the portfolio of these products.

One-time investment of 50 000 €
into equity markets with 8% annual return

Fee
Entry fee 
Management fee 
Finax
0%
1,4%
Competitors
4,13%
2,29%
The result of the investment
10 years
20 years
30 years
93 750 €
175 800 €
329 600 €
82 100 €
140 600 €
240 750 €

Regular investment of 100 € every month
(savings) to stock markets with 8% annual returns

Fee
Entry fee 
Management fee 
Finax
1,2%
1,4%
Competitors
4,13%
2,29%
Investment result (deposits over 30 years € 36 000)
10 years
20 years
30 years
16 700 €
47 700 €
106 000 €
15 400 €
41 650 €
86 700 €

Would you wish to invest?

  • Low-cost investment is no longer accessible only to the rich
  • Crucial factor for the outcome of the investment are fees
  • Most investment products offered in Slovakia charge unnecessarily high fees
  • Pay less, earn more
  • Find out what fees are charged by your banks or funds
I want to know more

Create an investment plan today

I am years old and I work
  • I work
  • I run my business
  • I'm a pensioner
.
My goal is to buy a property
  • save for retirement
  • ensure children's saving
  • create financial reserve
  • buy a property
  • purchase an expensive item
  • build wealth
.