nettopolizze.at (AT) review

Ask the provider for its current management fee before funding. For a yardstick, robo-advisors in this group on the site run management fees of 0% to 94.71%, and the portfolio here is etf based, so the ongoing fee is the number to compare.

nettopolizze.at is entered in the Versicherungsvermittlerregister, Versicherungsvermittlerregister GISA (Gewerbliche Vermoegensberatung nach Paragraf 1 Z 44 WAG 2018; Versicherungsagent), for commercial asset advice and insurance agency work, and the entry is recorded under 38902482. The operator named in the entry should match 2invest GmbH before you fund the account.

The stated cover is EU ICS up to EUR 20,000, the EU investor compensation arrangement. It is a fallback if the firm fails, not a return on your investments, so treat portfolio returns separately from compensation. The operator behind the site is 2invest GmbH, based in Austria.

The account types listed are sipp, a pension wrapper rather than a standard dealing account. That suits savers building a long term pot who want the portfolio run for them. Readers who also want to pick individual shares or funds need a brokerage that offers a general investment account.

The portfolio types offered are etf, so the allocation is built for you in funds rather than in individual shares you choose. Rebalancing and the ongoing fee then sit with the provider. If you prefer to research and pick your own holdings, a dealing account suits you better.

Support runs on email, chat and phone, so questions can be sent by email, asked in live chat or put to a phone line, with a help centre for routine points. Help is remote rather than branch based, so anything about tax or pension treatment is worth putting in writing and keeping.

The operator is 2invest GmbH, based in Austria, and the register entry, Versicherungsvermittlerregister GISA (Gewerbliche Vermoegensberatung nach Paragraf 1 Z 44 WAG 2018; Versicherungsagent), is an Austrian one. Readers elsewhere in Europe should confirm an account can be opened from their country, and how the stated cover, EU ICS up to EUR 20,000, applies to them, before funding.

Across the brands on the site, the share of retail accounts that lose money runs 65.75% to 74.5%. Automated portfolios spread risk rather than remove it, so treat any projected growth on an automated plan as uncertain and keep contributions you can afford to leave invested.