What we do not do
- No asset management
- No investment advice
- No recommendation of providers
No investment advice · costs · risk profile
Having your investing done for you: what to look out for
Anyone outsourcing their investing signs an agreement that fixes three things: who decides, what it costs and how you get out again.
- several insurers compared objectively
- 9.5 customer rating for a new policy
- AFM licence 12016589
- Personal 072 - 509 24 56, weekdays 9–17
Deze pagina in het Nederlands: Beleggen laten doen: waar u op let.
Ask us
We will take a look and refer you elsewhere where that is better.
The calculator and the quote form below are in Dutch. Prefer to do this in English? Email info@finassverzekert.nl or call 072 - 509 24 56 and we will take it from there.
- We compare the offerings of several insurers
- An adviser checks whether the cover suits your situation
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
Outsourcing can take two forms. With discretionary management the provider makes the decisions within a profile agreed in advance and does not have to consult you on each transaction. With investment advice you receive a recommendation and decide yourself; each transaction is then your decision, with the responsibility that goes with it. Both forms require a licence for investment services. The difference between the two determines not only the costs but also whom you can turn to if things go wrong.
Finass Verzekert advises and acts as an intermediary in non-life insurance only. Investment services fall under a different licence category: we do not manage assets, give no investment advice and recommend no provider. What we do here is explain the terms used in a management agreement, so that you know which questions to ask before you sign. Check every party by its registered name in the public register of the AFM.
Past returns say nothing about the future and you can lose part or all of what you put in. A fall in value is not an insurable risk: no policy pays for it. If you want to know what is involved in trading actively yourself, read the page on trading.
Who does what when you have your money invested?
Three cards showing where our role ends and the manager's begins.
What to look out for
The points that determine what is left of what you put in.
- All layers of cost together
- The risk profile agreed
- The notice period
What we do provide
What you can come to us for.
- Home, traffic and liability
- Legal expenses
- Business and property
What is covered
| Situation | At Finass Verzekert | With the licensed provider |
|---|---|---|
| Discretionary management or investment advice | No | Yes |
| Establishing your risk profile | No | Yes |
| Executing and holding investments | No | Yes |
| Statutory information about costs and risk | No | Yes |
| Advice on your non-life insurance | Yes | No |
| Legal expenses insurance (rechtsbijstandverzekering) in a dispute | Yes | No |
No insurance covers a fall in value; what an insurance does do is set out in the policy conditions and the insurance card (verzekeringskaart).
Where things go wrong in practice
Four points that determine whether outsourcing gains you anything.
Management, advice or execution only: who bears what
With discretionary management the provider assesses whether the profile suits your situation and acts independently within it; if you complain later, the question is whether it stayed within that mandate. With advice, every transaction is your decision and the question is the quality of the recommendation. With execution only there is only a check that you understand the product and you carry everything yourself. Have the agreement state which of the three you are buying; that choice determines the standard against which everything is later measured.
Costs are the only part that is fixed in advance
Alongside the management fee you normally pay the ongoing costs within the funds used, transaction costs and sometimes a fee to the custodian. Those layers are rarely brought together in one figure. Ask for the total cost percentage per year including fund costs, and for an example of what that means in euros for the amount you are investing. Costs run on in years in which nothing is earned, and that is precisely why this is the part where comparing does pay.
A risk profile is an agreement, not a forecast
The profile records how much fall in value you are willing and able to bear, and with it the balance between equities and fixed-income holdings. So do not look at the expected return but at the maximum fall that goes with the profile, and ask whether you can sit out that fall without having to touch the money. Money you need within a few years for a refurbishment, a course of study or repaying a mortgage does not belong in a managed portfolio.
Getting out: notice period, transfer and separation of assets
Arrange when you sign how you get out again. Look at the notice period, at the cost of transferring holdings to another party, and at whether the portfolio is sold or transferred when you leave; that difference can matter for tax and for timing. Also check how your holdings are separated from the provider's own assets, so that they do not fall into the estate in a bankruptcy. The investor compensation scheme relates to not getting money or holdings back, never to a fall in value.
Protection does not cover a fall in value
Investments are normally held off the provider's balance sheet, so that they remain separate in a bankruptcy. The investor compensation scheme relates to not getting money or holdings back, not to a fall in value. If you lose money because the market falls, there is no scheme and no insurance that pays for it.
Investing with borrowed money
Investing with credit or with equity released from your home magnifies both gains and losses, while the interest continues to run. Please note: borrowing money costs money. Anyone choosing this has to be able to carry the payments even when the investment is under water for years. For the credit itself you go to a provider with a credit licence.
What to look out for when comparing
- Total costs per year — The management fee, ongoing fund costs, transaction costs and custody fee added together.
- Form of service — Discretionary management, investment advice or execution only; that determines who decides and against what it is measured.
- Risk profile — The allocation agreed and the maximum fall in value that goes with it, which you have to be able to bear.
- Investment horizon — How long you can do without the money; amounts you need within a few years do not belong in it.
- Custody and separation of assets — How your holdings are separated from the provider's own assets in the event of its bankruptcy.
- Notice period and transfer costs — How quickly and at what cost you can end the portfolio or move it to another party.
This overview is general in nature and is not personal advice.
How it works
- You will read what to look out forThis page sets out the terms and the layers of cost.
- You choose a licensed providerOnly parties with an investment licence may manage or advise.
- You check the providerLook up the statutory name in the AFM's public register.
- We handle your insuranceFor home, motoring, liability and business cover, you come to us.
9.5New policy
9.8Claims handling
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Frequently asked questions
The questions we are asked most often about this.
Does Finass Verzekert manage assets?
No. Our licence covers advising on and acting as an intermediary in non-life insurance only. Discretionary management and investment advice fall under a different licence category which we do not hold. So we manage no money, make no recommendation about providers or products and receive nothing for it. For your insurance for the home, traffic, liability and business you can come to us.
What is the difference between management and advice?
With discretionary management the provider decides within the agreed profile without consulting you on each transaction. With investment advice you receive a recommendation and take the decision yourself. That difference determines the costs, the frequency of contact and above all what the service is measured against afterwards: the mandate with management, the quality of the recommendation with advice.
What happens if the manager goes bankrupt?
Investments are normally held off the provider's balance sheet, in a separate entity, so that they do not fall into the estate and can be transferred. In case that nevertheless goes wrong there is the investor compensation scheme, which relates to not getting money or holdings back. A fall in the value of your portfolio never falls under it and is not insurable either.
How do I check whether a provider holds a licence?
Search the AFM's public register for the registered name of the business, not for the trading name from an advertisement or an email. If the party is not listed, or the address differs from what you were sent, do not transfer any money. Note too any promised or guaranteed returns; with investing that can by definition not be delivered.
Would you like your insurance with us?
We compare what several insurers offer and check whether your cover still suits your situation.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
Claim on the road? Emergency line 06 - 55 20 40 72.
About our service
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
This page was written and checked by an adviser at Finass Verzekert. Last updated on .
The information on this page is general in nature and is not personal advice.