Pillar 3a – Finpension, Viac, Frankly comparison 

Finpension, Viac and Frankly have the lowest fees. What are the differences?

Note: A comparison of all providers can be found here

Finpension

VIAC 3a

Frankly
Yearly Fees with TVA
Max stocks allocation (strategy)0.44% (Equity 100)0.51% (Global 100)0.47% (Extreme 95)
Max stocks allocation
(personalized strategy)
0.42%0.50%-
50% stocks/50% bonds0.42%0.51%*0.47%
50% stocks/50% cashNot possible**0.28%0.47%
100% cashNot possible**Free (interest on cash 0.1%)0.47% (interest on cash 0.05%) => negative returns
Currency exchange feesYes, ~ 0.05%Yes, avg 0.25% (up to 0.75%)Yes, not disclosed
Funds
Number of funds availableMore than 35More than 408
Personalized strategies (mix of funds)YesYesNo
Max stocks (hedged or unhedged)99%97%95%
Max allocation in foreign currency (unhedged)99%60%30%
Transaction (buy/sell)Once a month
(First business day)
Once a month
(First business day)
Each 1-3 business days
Currency hedgingPartially for the strategiesNo for the strategiesYes, reduce returns by ~0.40 -1.20% yearly***
Funds stylePassivePassiveActive/Passive
Fund provider(s)Credit SuisseCredit Suisse, UBS, iSharesZKB
ESG
ESG funds availableYesYesYes (only active funds)
Platforms
Web interfaceYesYesNo
Mobile appYesYesYes
Support
HotlineYesYesYes
EmailYesYesYes
ChatNoYesNo
Others
Multiple accounts (up to 5)YesYesYes
Death OR invalidity insuranceNoYes, 2500 CHF for each 10'000 CHF investedNo
Referal programNoYesNo
LocationSchwyzBaselZurich
Launched date202020172020
Assets under managementNot disclosed700 million400 million
Notes
* VIAC doesn't include bond funds in their strategies due to the low yields and replaces them with cash. However, it is possible to create a personalized strategy with bonds.
** Cash could be replaced with a market fund (CSIMF Money Market CHF ZB), however Money Market funds offer negative performance

*** The impact on performance is linked to the interest level USD/CHF. Moreover, rollings cost occured to maintain the hedging. See https://www.investopedia.com/terms/r/rolling_hedge.asp