Like most automated managers, we focus our strategy on index management, also known as passive management , but with a structure of services and plans, optional currencies and customization options different from the usual ones.
Below, we explain the main differential points between inbestMe and the rest of the robo advisors operating in Spain.
Table of Contents
The differential values of inbestMe
Personalization
Personalization in Euro wallets
Personalization in Dollar Wallets
Personalization in source currencies
Personalization: Multiple Accounts
The possibility of accessing sustainable portfolios
A 100% digital experience
Multiple custodians and global contracting
Taxation Options
inbestMe Plus
Conclusion: Versatility and customization
The differential values of inbestMe
There are a number of differential values of inbestMe, especially when compared to other robo advisors .
Personalization
inbestMe is one of the most customizable robo advisors on the market. We currently offer portfolios with 11 different risk profiles (from 0 to 10).
Beyond the profiles, inbestMe offers three types of investment portfolios depending on the vehicles used: index funds, pension plans and ETFs. As we will see below, inbestMe offers 104 different predetermined portfolios plus infinite personalized options (through its Advanced portfolio service).
Personalization in Euro wallets
But it also combines these three types of portfolios with investment styles, standard indexing, SRI style indexing, Value style indexing (only in ETFs) or Dynamic (only in ETFs) making the combination of default portfolios in Euros 83 different portfolio options as shown in the following summary table:
Special mention should be made of the advanced portfolios, available for index fund and ETF portfolios. The advanced portfolios are fully customized portfolios for the more sophisticated client who has specific needs or requirements for which, based on their profile, and whether or not using one of our portfolios as a basis, a portfolio is customized to suit them. This is done, of course, by adapting to the client's risk profile.
This option is available from €100,000.
This combination of indexing and customization is called custom indexing .
With Advanced customizable portfolios, the options for Euro-indexed portfolios are practically endless .
Note: for index fund portfolios, inbestMe offers two diversification options, one for amounts from €1,000 to €4,999 (with two funds) and another from €5,000 (up to 12 funds). We do not consider portfolios of less than €5,000 as more portfolio options, but rather as an intermediate step to access portfolios with more diversification. If they are considered, we should add 21 more options.
Personalization in Dollar Wallets
inbestMe is the only Robo Advisor in Spain that also offers the option of investing not only in Euros but also in dollar portfolios. Worldwide, Robo Advisors generally specialize in a single currency, the predominant one in their country or region of origin.
inbestMe decided from the beginning to also introduce dollar portfolios to make its offer more attractive and versatile for investors around the world, introducing the dollar as an optional element in its ETF portfolios.
The dollar portfolio offering is focused on ETFs, with 21 other default options offered. But these can be extended infinitely, again, through the advanced custom portfolios.
Just as we were advancing by combining the Euro and Dollar wallets, inbestMe offers 104 different default wallet options and infinite custom options (through the advanced wallets).
Personalization in source currencies
Beyond the currencies of the wallets, in Euros or Dollars, inbestMe can accept deposits in 21 different currencies, as we can see in the following table.
This means that the source currency may be different from the wallet currency.
Some examples:
An investor resident in Switzerland can transfer Swiss Francs women phone number data to inbestMe but denominated his portfolio in Euros (or Dollars).
An investor resident in Mexico can transfer Mexican Pesos to inbestMe but, instead, denote his portfolio in Dollars (or Euros).
These are some of the examples that inbestMe already manages, among many others.
Currency exchanges are made at interbank exchange rates and at no additional cost to our customers .
Continuing with the examples above, if the investor residing in Switzerland or Mexico wants to withdraw his money in his original currency (Swiss Francs or Mexican Pesos) this is also done free of charge. He can also decide to withdraw his money in the currency of his wallet (Euros or Dollars).
We have had cases of clients who have been extremely grateful for this ability to manage and save costs in currency exchange.
Download guide Learn to invest easily
Personalization: Multiple Accounts
Another way to extend customization is the infinite possibility of combining multiple accounts for our clients . That is:
A client can combine different types of portfolios, index funds, pension plans or ETFs, whether with the same or different profiles.
A client may have multiple risk profiles for the same type of portfolio/investment style to suit different objectives or horizons.
A client may have multiple investment styles, for example standard and SRI of the same type of portfolio with or without a different profile.
A client may have portfolios in different currencies, for example a portfolio of index funds in Euros and a portfolio of ETFs in Dollars with the same or different profiles.
With these options, inbestMe wants to help clients plan their entire financial life with inbestMe if they so wish.
The possibility of accessing sustainable portfolios
inbestMe decided to be a pioneer in 2018 by offering sustainable portfolios, being the first in Europe and Spain, launching indexed portfolios with a Socially Responsible Investment style.
As can be seen in the portfolio offering in Euros, the SRI investment style is transversal in the three types of portfolios: index funds, pension plans and ETFs. This makes the offer of sustainable portfolios one of the most complete in the Spanish market and in the world.
SRI portfolios are available for all risk profiles (1 to 10) and for all types of ownership: individual, joint, corporate, and kids .
Beyond this, inbestMe has been constantly evolving its SRI portfolios by adding impact investment to make its portfolios more sustainable .
As of August 2022, it is mandatory to ask about customers' sustainability preferences during the customer profiling process.
A 100% digital experience
Both the contracting and the operation of inbestMe portfolios are 100% online. This means that you can contract at any time and from anywhere. This makes the experience completely digital and very efficient at all times.
Opening an account, making new contributions or changing your customer profile are tasks that can be carried out directly from a mobile phone or personal computer, without having to go to a physical office or use any means other than digital ones.
inbestMe has recently made a new implementation to facilitate and improve the user experience in money transfer processes, adding the “easy transfer” version using the PSD2/Open Banking APIs .
iinbestMe is constantly investing in both its desktop and mobile versions and its APP. It plans to implement these new features in the coming months and will keep you informed of these new releases.
Multiple custodians and global contracting
inbestMe complements its versatility with the possibility of connecting with two types of custody:
custody in Spain, for index fund portfolios and pension plans, collaborating with GVC Gaesco, an institution with more than 50 years of history.
International custody for ETF portfolios in collaboration with Interactive Brokers, a US-based broker with subsidiaries in many parts of the world.
This allows it to serve residents of most countries in the world.
InbestMe currently serves clients in more than 35 countries.
In Europe, countries such as Germany and Holland stand out.
In Latin America, Mexico stands out, but we also have clients in Uruguay, Peru and Chile, among others.
We also have clients in all corners of the world, from Alaska to the United Arab Emirates and Seychelles.
Initially, they were clients of Spanish origin. Now they are also local clients who benefit from our ability to communicate in English.
