Five investment lines entirely manageable by your device, with increasing risk and return profiles and decreasing operating costs according to the sums invested. . That’s what it offers Steppy by Moneyfarm, the new wealth management service reserved exclusively for buddybank customers, UniCredit’s smartphone-only bank model.
Powered by Moneyfarm, a leading asset management company, using BlackRock’s expertise, the world’s largest investment manager, Steppy by Moneyfarm is aimed primarily at young people aged 18 to 35, representing 80% of buddybank’s customers. Designed to be easy to use, flexible and intuitive, it also allows beginners to invest their savings, starting from a minimum investment of 2,500 euros in a single solution (through a capital investment plan, PIC) with the possibility of adding an accumulation plan (CAP) from 100 euros per month up.
The subscription of the Steppy by Moneyfarm asset management service takes place through the buddybank app, in compliance with the European rules (Mifid) which provide for the completion of a preliminary questionnaire necessary to identify the most appropriate investment based on the investor’s actual financial knowledge, income and capital conditions and his risk appetite. The composition of the investment lines is constantly monitored by Moneyfarm and periodically revised to better adapt to market conditions.
In order to offer a service of excellence, customers can count on a double level of assistance, through the buddybank chat, available 7 days a week for all 24 hours, and Moneyfarm consultants, which can be contacted by email or telephone during office hours.
Whatever line chosen from the 5 offers, all investments through Steppy by Moneyfarm take place in accordance with the ESG criteria certified by BlackRock. It is therefore guaranteed compliance with those environmental, social and corporate governance parameters that today are increasingly used in the financial field.
VAT not included, fees equal to:
- 1.20% for sums from 2,500 to 4,900 euros;
- 1% for sums from 5,000 to 19,900 euros;
- 0.75% for sums from 20,0000 to 199.900 euros;
- 0.60% for sums from 200,000 euros up.
In addition, there are no constraints for the amount invested: the sums invested can be settled at any time without any cost or penalty.
Disclaimer
Content sponsored by buddybank the service model of UniCredit only for smartphones. Steppy is operated by Moneyfarm and uses an advisory service provided by BlackRock. BlackRock does not provide any service or product directly to the end customer. Before accession, please read the Contract governing the Steppy service carefully. For the contractual conditions of buddybank products, please consult the information documents on www.buddybank.com, www.unicredit.it and in the app. Account reserved for adults and residents in Italy with iPhone iOS 12.0 or higher and smartphones with Android 7 or higher operating system. The account cannot be co-owned and does not provide for links. Products sold by UniCredit S.p.A. which reserves the right to assess the requirements necessary for the opening of reports.
