I just took a closer look to www.truewealth.ch a robo advisor from the guy that co-invented digitec. i already looked at it some months ago but decided 0.5% plus etf fees naa not mustachian. but now i am not so sure anymore. as i am with postfinance i pay 90.- per year and i get these 90.- as trading coins so my first 90.- for buying etf is already free. at truewealth you dont pay depot fees buying spreads, exchange rate fees, transaction fees (only the federal stamp tax) and so on.
my calculus goes like this. as i have my save haven porfolio part now in cash (due to negative interest rate on AAA swiss govbonds and the risk of rising interestrate) i would have to invest in the truewealth portfolio only my risky assets (about 50%)
so in fact you would also pay 90.- at truewealth for 18’000.- worth of risky assets. (total portfolio would be 36’000). so for small porfolios with e good amount of cash in a seperatr account truewealth is cheap.
but then there are even more good points to consider.
- truewealth delivers porfolio overview wirhout you have to start your own excel and you get a tax document with all necessary information for your tax form.
- also i was astonished that etf costs are much lower than the ones you find at justetf.ch and others (in the demodepot you do not see which etf you exactly would buy) this is because Trueweath also buys US based etf.
- they say they are even capable of getting back allmost all taxes on the products. so it would be very taxefficient without bothering you with it.
- they rebalance every few days
- there is s vast amout of ways you can create your portfolio. equities for mcap or regions an even countrielevel (china, SA etc.) for the US and europe you can even decide sector engagement. broad comodities, gold and silver. Real estate US or non-US, in the bond section you also have alot of choice. (countries, government or corporate, all kind of ratings and durations, inflation linker, etc.)
I was just getting comfortable with the idea that with my porfolio i will stick to a simple FTSE All-World, Global REIT, and cash way of investing due to minimise transaction and rebalancing costs and now this… even if you have s quite large and maybe detailed porfolio it might be a cheap way of investing.
so does anyone has experience with truewealth or additional questions informations and what is your opinion?
p.s. they work with saxo-bank which is ok i think