Pillar 3a – Finpension, Viac, Frankly comparison
Finpension, Viac and Frankly have the lowest fees. What are the differences in 2022?
Finpension  | VIAC 3a  | Frankly  | |
Annual Fee with VAT (inluding TER) | |||
Max equities allocation | 0.44% (finpension 100) | 0.45% (Global 100) | 0.48% (Extreme 95) |
60% equities/40% bonds | 0.43% (finpension 60) | 0.45% (Personnalized strategy*) | 0.49% (Moderate 45 Index) |
40% equities/60% bonds | 0.43% (finpension 40) | 0.45% (Personnalized strategy*) | 0.49% (Moderate 45 Index) |
50% equities/50% cash | Not possible** | 0.30% | 0.46% (interest on cash 0.05%) => negative returns |
100% cash | Not possible** | Free (interest on cash 0.1%) | 0.46% (interest on cash 0.05%) => negative returns |
Currency exchange fees | Yes, ~ 0.05% | Yes, avg 0.25% (up to 0.50%) | Yes, not disclosed |
Funds | |||
Number of funds available | + 35 | + 40 | 9 |
Personalized strategies (mix of funds) | |||
Max. % of equities (hedged or unhedged) | 99% | 97% | 95% |
Max allocation in foreign currency (unhedged) | 99% | 60% | 30% |
Transaction (buy/sell) | Once a week | Once a week | Each 1-3 business days |
Currency hedging | Possible | Possible | Always, reduce returns by ~0.40 -1.20% yearly*** |
Funds style | Passive | Passive | Active/Passive |
Fund provider(s) | Credit Suisse, CryptoFinance | Credit Suisse, UBS, iShares | Swisscanto/ZKB |
Crypto fund | |||
ESG | |||
ESG funds available | (only active funds) | ||
Platforms | |||
Web interface | |||
Mobile app | |||
Support | |||
Hotline | |||
Other services | |||
Multiple accounts (up to 5) | |||
Free death OR invalidity insurance | |||
Mortgage | |||
Refer a friend reward | |||
Location | Schwyz | Basel | Zurich |
Launched date | 2020 | 2017 | 2020 |
Assets under management | +1 billion | +1.6 billion | +1.1 billion |
* VIAC doesn’t include bond funds in their strategies due to the low yields and replaces them with cash. However, it is possible to create a personalized strategy with bonds.
** Cash could be replaced with a market fund (CSIMF Money Market CHF ZB), however Money Market funds offer negative performance
*** The impact on performance is linked to the interest level USD/CHF. Moreover, rollings cost occurred to maintain the hedging. See https://www.investopedia.com/terms/r/rolling_hedge.asp