| Costs | Service fee per year | -
•
≤ 0.40% = full points
-
•
≤ 0.60% = 12 points
-
•
≤ 0.80% = 8 points
-
•
≤ 1.00% = 4 points
-
•
> 1.00% = 0 points
| 16 |
| Product costs of the funds used (TER) | -
•
≤ 0.20% = full points
-
•
≤ 0.35% = 7 points
-
•
≤ 0.50% = 4 points
-
•
> 0.50% or not stated = 0 points
| 10 |
| Other costs (transactions, performance fee) | -
•
No further costs = full points
-
•
Transaction costs only, no performance fee = 3 points
-
•
Performance fee charged = 0 points
| 6 |
| Investment strategy | Investment universe and diversification | -
•
Diversified worldwide across several asset classes = full points
-
•
Shares and bonds worldwide = 7 points
-
•
Limited to one region or asset class = 3 points
-
•
Investment universe not stated = 0 points
| 10 |
| Investor risk profiling | -
•
Detailed questionnaire with at least five risk levels = full points
-
•
Three to four risk levels = 5 points
-
•
Fewer than three levels = 2 points
-
•
No profiling = 0 points
| 8 |
| Rebalancing rules | -
•
Rules publicly documented and applied automatically = full points
-
•
Automatic, but without documented rules = 4 points
-
•
No automatic rebalancing = 0 points
| 7 |
| Transparency & evidence | Published performance | -
•
Performance per risk level over at least three years after costs = full points
-
•
Performance published, but shorter period or before costs = 4 points
-
•
No performance published = 0 points
| 8 |
| Disclosure of portfolio composition | -
•
All funds used publicly listed with ISIN = full points
-
•
Only asset classes stated = 3 points
-
•
No disclosure before signing = 0 points
| 6 |
| Clarity of the cost breakdown | -
•
Total cost ratio including product costs at a glance = full points
-
•
Costs complete but documented in several places = 2 points
-
•
Costs only partly findable = 0 points
| 4 |
| Access & flexibility | Minimum investment | -
•
≤ €500 = full points
-
•
≤ €1,000 = 4 points
-
•
≤ €5,000 = 2 points
-
•
> €5,000 = 0 points
| 6 |
| Savings plan (minimum rate and frequency) | -
•
Savings plan from €50 with freely selectable frequency = full points
-
•
Savings plan with higher minimum rate or fixed frequency = 3 points
-
•
No savings plan = 0 points
| 5 |
| Withdrawal and termination | -
•
Cancellable free of charge at any time, partial withdrawals possible = full points
-
•
Cancellable with notice or full withdrawal only = 2 points
-
•
Minimum term or cancellation fee = 0 points
| 4 |
| Security & service | Custodian bank and supervision | -
•
German custodian bank and BaFin licence as asset manager = full points
-
•
EU supervision with passporting = 3 points
-
•
No verifiable licence = 0 points
| 5 |
| App and customer portal | -
•
App for iOS and Android plus web portal = full points
-
•
Web portal only = 1 point
-
•
No digital access = 0 points
| 3 |
| Customer service | -
•
Phone advice in German = full points
-
•
Email or chat only = 1 point
| 2 |
