SEB Latvia review
Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026
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Our verdict
SEB Latvia suits Latvian residents who want a robo-advisor run by a bank with roots back to 1856, and who like starting with a small sum. The management fee of 0.8% a year sits above the robo-advisor midpoint of 0.35%, while the entry point of €10 keeps the door open.
Key facts
- Best for
- Latvian savers who want a bank-run robo plan from a small starting amount.
- Management fee
- 0.8% (Source, checked September 26, 2026)
- Minimum investment
- €10 (Source, checked September 26, 2026)
- Portfolio types
- ETF, ESG (Source, checked September 26, 2026)
- Legal entity
- AS "SEB banka" (Source, checked September 26, 2026)
- Headquarters
- Latvia (Source, checked September 26, 2026)
- Founded
- 1856 (Source, checked September 26, 2026)
- Support channels
- Chat, Email, Phone (Source, checked September 26, 2026)
- Official website
- seb.lv
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- Low entry point of €10 for a managed portfolio
- Run by AS "SEB banka", founded in 1856
- Portfolio choices cover etf and esg
- Support through chat, email and phone
Cons
- Management fee of 0.8% sits above the robo-advisor midpoint of 0.35%
- The robo service is aimed at the home market, with the bank based in Latvia
- Funds and bonds are not among its portfolio types, etf and esg
Who it suits
- Latvian residents who already bank with SEB
- New investors who want a set portfolio rather than picking investments themselves
- People starting with a small amount and adding to it over time
Who should look elsewhere
- Anyone who wants the lowest ongoing fee, where eToro has a management fee of 0%
- Anyone starting with a larger budget, since Axos Invest asks for a minimum investment of $100
- Anyone based outside Latvia, since the bank is based in Latvia
Where it sits among rivals
On management fee, SEB Latvia places at 43 of 49 brands compared, which puts the ongoing cost in the middle of the robo-advisor group rather than at the budget end. On minimum investment it ranks higher, at 29 of 82, so getting started is the easier side of the offer.
How SEB Latvia compares
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Frequently asked questions
What does the SEB Latvia robo-advisor cost?+
The robo service charges a management fee of 0.8% a year. The midpoint management fee across robo-advisors on the site is 0.35%, so this price sits above the middle of the group rather than at the budget end of it.
How much do I need to start investing?+
You can begin from €10, a low way into a managed portfolio. The midpoint minimum investment across robo-advisors is €60.06, so the starting sum here sits below the usual entry amount in the group.
Who runs the robo-advisor?+
The service is run by AS "SEB banka", the legal entity behind it, founded in 1856 and based in Latvia. Your money is therefore placed through an established bank rather than a standalone investing app.
What can I hold in the portfolios?+
The portfolios are built from etf and esg, so the money goes into pooled funds rather than individual share picks you manage. An ESG option sits alongside the standard ETF route if you want a screened portfolio.
How do I get help?+
Help runs through chat, email and phone, so written contact and a phone line are both open to you. That suits readers who would rather talk a portfolio change through with someone than handle it alone, and phone support is a little less usual on smaller robo services.
Who is this robo-advisor for?+
It fits Latvian residents who want a set portfolio run for them, especially people who already bank with SEB. The entry point of €10 makes it easy to try the idea with a small sum and add to it later.
Is the fee higher than other robo-advisors?+
On management fee, SEB Latvia ranks at 43 of 49 brands compared, so it is not among the cheapest. The trade is a low entry point of €10 plus a long-established bank behind the service.
Can I still lose money with a managed portfolio?+
Yes, a managed portfolio is not a deposit. The middle retail loss figure across the brands on the site is 70.15%. Robo-advisors pick and balance the mix for you, not the outcome, so the value of your holding can still fall.
Sources
- seb.lv/kontakti checked September 26, 2026
Backs: Headquarters, Legal entity, Support channels
“AS "SEB banka", address: Elizabetes iela 95, Riga, Latvia, LV-1050”
- seb.lv/par-seb/par-uznemumu checked September 26, 2026
Backs: Founded
“The SEB group is a leading financial services provider in Northern Europe. Its roots reach back to 1856.”
- seb.lv/privatpersonam/uzkrajumi-un-ieguldijumi/roboinvestors checked September 26, 2026
Backs: Management fee, Minimum investment
“Portfolio management fee 0.80% per year (VAT included)”
- seb.lv/privatpersonam/uzkrajumi-un-ieguldijumi/roboinvest... checked September 26, 2026
Backs: Portfolio types
“Roboinvestor portfolios only invest in ETFs that invest in companies committed to implementing ESG requirements”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Regulators, Investor protection.
Related by the facts
SEB Latvia
Latvian savers who want a bank-run robo plan from a small starting amount.