Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 29.06.2021, 22:50
Junior Member
 
Join Date: May 2017
Location: Zurich
Posts: 30
Groaned at 6 Times in 4 Posts
Thanked 4 Times in 2 Posts
Excad has annoyed a few people around hereExcad has annoyed a few people around hereExcad has annoyed a few people around here
3rd pillar VIAC and finpension offer

I cannot find final confirmation for services like VIAC or finpension how exactly they handle investing of your money.

Is that, as with Selma, so robo-advisor takes care of investing and rebalancing for you or not?
Reply With Quote
The following 2 users groan at Excad for this post:
  #2  
Old 30.06.2021, 01:34
Forum Legend
 
Join Date: Oct 2014
Location: SG
Posts: 8,946
Groaned at 472 Times in 353 Posts
Thanked 11,896 Times in 6,184 Posts
Urs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond repute
Re: 3rd pillar VIAC and finpension offer

Do your homework instead of opening 3 threads on the same topic.
Reply With Quote
This user would like to thank Urs Max for this useful post:
  #3  
Old 30.06.2021, 07:41
Junior Member
 
Join Date: May 2017
Location: Zurich
Posts: 30
Groaned at 6 Times in 4 Posts
Thanked 4 Times in 2 Posts
Excad has annoyed a few people around hereExcad has annoyed a few people around hereExcad has annoyed a few people around here
Re: 3rd pillar VIAC and finpension offer

Sorry Urs, but I did it for a reason. Those are a bit different topics and I didn't want to compile them in one too general title name called for example "3rd pillar questions", because that would be not re-usable for other users in the forum when they search for some info.

I wrote finpension and VIAC directly already, so if no one knows, I will happily share here once I get answers from them.

Last edited by Excad; 30.06.2021 at 09:18.
Reply With Quote
  #4  
Old 30.06.2021, 15:37
Forum Legend
 
Join Date: Oct 2014
Location: SG
Posts: 8,946
Groaned at 472 Times in 353 Posts
Thanked 11,896 Times in 6,184 Posts
Urs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond repute
Re: 3rd pillar VIAC and finpension offer

Educate yourself about the difference between rebalancing to return to a predefined allocation and the so-called robo advisors.

Do your homework.
Reply With Quote
  #5  
Old 30.06.2021, 16:38
Forum Veteran
 
Join Date: Jun 2014
Location: Basel
Posts: 714
Groaned at 8 Times in 7 Posts
Thanked 560 Times in 294 Posts
gipfelisturmer has an excellent reputationgipfelisturmer has an excellent reputationgipfelisturmer has an excellent reputationgipfelisturmer has an excellent reputation
Re: 3rd pillar VIAC and finpension offer

Quote:
View Post
I cannot find final confirmation for services like VIAC or finpension how exactly they handle investing of your money.

Is that, as with Selma, so robo-advisor takes care of investing and rebalancing for you or not?
From the perspective of an end user, you could consider it "robo advisor", as you don't have to do anything once you set your allocations (but you can if you so wish, before start of each month).

Otherwise, if you are curious whether a person or a machine does it - Why does it matter for you as an end user?
I am quite sure it's not a person sitting there doing it all manually, but they naturally use computers to calculate and pool transactions etc.

Finding that info is relatively "easy".
- VIAC states on their Overview tab:
Quote:
Automatic monitoring
Constant ups and downs on the financial markets can lead to significant fluctuations in value. We constantly monitor your pillar 3 to keep your risk at the desired level.
- Finpension on their FAQ page:
Quote:
Always on the first banking day of the month, we buy or sell the fund units required to implement your chosen investment strategy (Note: The settlement of trades usually takes place two days later). But before we do so, we check whether other customers within the finpension 3a Retirement Savings Foundation client base have orders to the contrary. In the end, we only trade what is necessary below the line. The rest is charged internally at the currently valid price. Fund units are moved from client X, who wishes to sell, to client Y, who wishes to buy the same fund units. Of course, this internal settlement, which is called netting, is fully automated.

Through this internal settlement, we can often settle purchases and sales at better prices than other providers can do. We can optimise any spread costs between the buying and selling price.

...

Due to price fluctuations, the effective weightings of the fund units may deviate from the specified target weightings of the investment strategy. If the weighting of a fund deviates from the target weighting by more than one percentage point, your entire portfolio will be realigned. Investments are sold and purchased to restore the target weightings of the individual index funds. This process is called rebalancing. It is performed monthly on the first banking day of the month, always before trading. There are no transaction costs involved.
Is that not answering your questions explicitly (about rebalancing)?
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
pillar 2 extra-mandatory and post-divorce top-ups vs pillar 3a? scrooge Finance/banking/taxation 0 31.05.2021 21:55
New form 8938: how to report 2nd pillar / 3a pillar accounts?? rog Finance/banking/taxation 11 23.03.2021 19:17
VIAC 3rd Pillar - ROI seems off Rozelina Finance/banking/taxation 14 28.11.2020 11:41
VIAC thread deleted? Yarg Finance/banking/taxation 15 02.11.2020 22:36
Job offer ŽdilemmaŽ - How to re-negotiate salary (counter offer) by email Pyrros Employment 11 20.02.2016 00:58


All times are GMT +2. The time now is 08:42.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0