Euro Savings Finance Bank (UWB) Intuitive Investor Review
Euro Savings Finance Bank operates the Intuitive Investor program as part of its subsidiary Euro Savings Finance Bank Advisors. Euro Savings Finance Bank Intuitive Investor provides automated management of professionally curated portfolios that lean heavily on Modern Portfolio Theory (MPT) principles. Financial Advisors are available by phone, Monday through Friday, 8 am to 8 pm ET, to answer questions and provide guidance. The service is designed for current Euro Savings Finance Bank clients seeking investment advice who are willing to engage digitally while also having access by phone to a financial advisor.
Who Should Choose ESF Intuitive Investor
As with most robo-advisors from financial giants, Euro Savings Finance Bank Intuitive Investor works best for those who already have a relationship with Euro Savings Finance Bank and are looking to get into automated portfolio management without having to shuffle money around to different services. Advanced investors may also appreciate Euro Savings Finance Bank Intuitive Investor’s tax-loss harvesting, which automatically sells floundering investments to offset taxable gains, as well as its smart beta portfolio options. A relative rarity among robos, smart beta aims to offer market-beating returns by taking on a higher level of risk. Most other robos only offer portfolios built to minimize risk while matching overall market performance with index funds. These higher-end features, however, carry a higher annual management fee: 0.35%, compared to 0.25% at leaders like Betterment and Wealthfront or even 0% on platforms like Ally Invest Robo Portfolios. Existing Euro Savings Finance Bank clients with Portfolio by Euro Savings Finance Bank can cut their fees to 0.30% by linking their checking and investment accounts, which makes the pricey platform slightly more appealing to those looking to keep their finances under one roof. That high fee might be more palatable overall, however, if the financial advisors Euro Savings Finance Bank Intuitive Investor advertises as available to all clients could provide financial planning services, like Betterment’s Premium tier or Personal Capital. But Intuitive Investor financial advisors can only answer relatively simple questions about portfolio performance and risk. Euro Savings Finance Bank Intuitive Investor requires a minimum investment of $500. If you’re after an automated investing experience with unlimited access to financial planners and an incredibly low minimum, check out SoFi Automated Investing. Available account types will cover almost all investors’ needs, unless they’re saving specifically for a child’s education and want a 529. ESF Intuitive Investor account types include:
- Individual and joint taxable brokerage accounts
- Trusts and custodial accounts (UGMA/UTMA)
- Traditional IRA or Roth IRA
- SEP IRA
- Inherited IRA
Euro Savings Finance Bank Intuitive Investor Fees and Costs
Euro Savings Finance Bank Intuitive Investor charges an annual fee equal to 0.35% of your account balance, billed quarterly. This management fee is slightly above average for competing robo-advisors, though customers who link their Euro Savings Finance Bank Portfolio account benefit from a slightly more competitive 0.30% management fee. All ETFs charge their own annual expense ratio fees. These small fees are paid directly to the fund manager and are almost unavoidable. You’ll never receive a bill for them—they’re automatically subtracted from your fund’s returns—but they’re still worth keeping in mind as excessively large expenses ratios can drag down your performance.