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Skip to content Selma Finance is more than just a roboadvisor for Swiss people. Our Selma Finance Review is a comprehensive review and even includes an interview with CEO Patrik Schär. How high the Selma Finance Return on investment and many other exciting questions are answered here! Also a Referral Code you'll get at the end of the article! We wish you good entertainment with Selma and Patrik!
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🏆 Financial Innovator 2020
🏆 Financial Innovator 2020 - Selma Finance has done it!
We are regularly asked what Selma actually is and what our Selma Finance experience has been like so far. Not only because Selma is a charming algorithm you can chat with, but because she talks to you at eye level, we can only report good things! Selma is a mixture of a Roboadvisor and a Investment advisor. The Roboadvisor part of Selma asks you in a chat about your financial situation, your risk tolerance, and about your long-term goals. Then you will receive individually tailored suggestions for investments or savings. A specialist looks at your situation again in the event of major events and thus offers you a service that is otherwise only available to very wealthy people. In the end there are even Swiss tax return documents prepared documents and now even an option for Pillar 3a!
That was the short version, but more detailed answers to your We have received questions from CEO Patrik Schär and put them into this article. You can find the interview in the lower part of the article.
One thing is fact: Selma Finance is disruptive for the Swiss financial market! A completely new concept, an extensive investment offer and playful design. The design alone is aimed specifically at young people, and the PR department does its best to do so. While financial consultants usually keep their eyes open for wealthy older people, Patrik Schär and his company want to make the financial world attractive to young people. Whether you want to gain experience with Selma Finance depends entirely on you. We consider the recommendations for investments to be solid, and especially suitable for people who do not want to deal with the topic on a regular basis.
Would you like to take a holistic approach to your finances? With savings plans, risk diversification, allocation to asset classes and Co? Do you want to spend days and weeks reading annual reports and devouring financial books? If not, Selma Finance is recommendable for Swiss people, as it offers a really good service for a small fee. You get investment proposals tailored to you and your goals, maximum transparency, documents for your tax return and even 3rd pillar support. But if you have ambitions to deal with financial matters in depth and you see investments as a hobby, do it yourself.
But in the end, a decision must also be based on gut feeling. Therefore we CEO Patrik with the most important questions and would like to give you an insight into the meaning of this interview.
... Small Talk 😉 ...
Let's start with an unsympathetic question: Patrik how high are the Selma Finance Fees?
This varies depending on your investment style and thus on the products you choose. But a typical fee looks something like this: Base fee + product cost = 0.68% + 0.22% = 0.90% per annum
How often/quickly does a portfolio shift take place?
For large investments, an employee first checks everything again, just like a "real" asset manager. However, if you make normal restructuring changes to your strategy, these are implemented directly.
Is it possible to invest in ETF savings plans with Selma Finance?
Yes, Selma will invest in ETF savings plans depending on your strategy. However, since she advises you (and not the other way around), you cannot directly decide in which ETF's you want to invest.
Will there also be a tax return for Austrians or Germans?
We are currently refining the extracts for the Swiss tax return. Unfortunately, we do not have any documents in planning for Germans and Austrians at the moment.
What is the intelligence or investment strategy of Selma based on?
Partly at work from Strategy Experts Stefan JäcklinGlobal Asset Allocation and Shiller CAPE.
Each of our investors has an individual strategy, and many investors do not aim for maximum returns. For example, many customers have also invested a high portfolio share very safe and liquid in overnight money. Thus, the return value varies greatly and it would not make sense to speak of "THE Selma Finance return".
What are the next goals and milestones for Selma Finance?
We have just completed the integration of pillar 3a. A separate app is also on the agenda, and we also want to expand geographically. By the way, your readers can read about our latest plans at www.open.selma.io pursue. Ultimately, every user should have an optimal Selma Finance experience, which is what we all work on every day.
Finally, just one more question, then we'll let you get back to work. Can you recommend a book?
Oh! hmmm. I'm gonna have to give you this later. Sorry. Can I get a cookbook? (We'll let the very busy Patrik go through this again. But instead we'll register for another visit with good coffee at his office).
Conclusion
We can recommend Selma Finance to you with a clear conscience and have therefore asked nicely for a gift! With the Promo code in the link there's now even CHF 34 credit to start with Selma!
You have already opened a portfolio? Then let us know in the comments how your Selma Finance experience was?
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4 responses
Many thanks for the extensive review!
With pleasure! 🙂
Is there also a voucher code for existing customers?
Hi Beat 🙂 the voucher above is for new customers, but I will gladly ask the Selma Team for you!