Goal-based investing: a home, a car, a trip....

Goal-based investing: a home, a car, a trip....

Decide on your goal and start saving to reach it

Become a Customer


Choose your goal and start investing

1  Set your goal, indicate your initial contribution, if you want to make periodic contributions, and on what date you want to achieve it.

2  Take 5 minutes to fill in the necessary information to discover your investor profile and we will show you the appropriate investment strategies for your profile.

3 We will periodically adjust your portfolio to the market, automatically, until you have completed your goal.

Discover the results of our automated investment manager service.

Please note that all investments in financial markets are risky, are subject to market fluctuations and your actual investment may have a different return than that expected in the goal. Past returns are not a reliable indicator of future performance.

And the best tools for monitoring your investment

The result of our management, always available

You can see your current and previous returns.

You can see how your portfolio associated with your goal has evolved in different parts of the chart.

Become a Customer

We show you where we invest


We'll show you the investments that are included in your goal portfolio through a graph, which is updated online.

Click on each of the options to see the details of the types of assets that are part of your portfolio.

Become a Customer

Projecting your goal in real time


You can see if the probability of reaching your goal is high, medium or low.

Besides, you can check possible evolution of your goal, based on the contents of the associated portfolio.

Become a Customer

Robo-Advisor: automated investment service

Robo-Advisor: automated investment service
 

We create your portfolio in 5 minutes and adjust it to the market every month.

 

Find out more

Become a customer in just three steps, wherever you are

Become a customer in just three steps, wherever you are

1

Complete the online form

To become a customer, we need to know a few things about you. Complete the online form and choose your access code.

2

Confirm your identity

Without having to go anywhere. By video call, providing your account number in another bank or with a messenger.

3

Sign electronically

We will send you an SMS text with a security code in order to access your contract so that you can sign it online.

Want to learn more about Goal-Based Investing?

Discretionary management is an investment service in which a customer signs a management mandate authorising Openbank's investment specialists to manage the assets that the customer wishes to invest, using a portfolio of investment funds.

Automated discretionary management is commonly known as Roboadvisor, from Robot (automation) and Advisor in English.

The service will be provided mainly through an automated online tool that will be available both on the website and in the mobile app. You can contact our investment specialists on +34 91 177 33 16, whenever you need or to resolve any queries you may have.

Goal-based investing is a discretionary portfolio management service in which you will link your investment with a goal. You can choose between any of the goals offered by us, or create your own. Once you have arranged the service, you will be able to exhaustively monitor your investment. You can view a lot of different information, including the probability of reaching your goal within the period you set. This service is designed for a medium- to long-term investment horizon. At Openbank, we believe that a medium-term (3-7 years) or long-term investment (+7 years) is the most efficient and optimal way to invest.

This service, as with any investment, has certain risks inherent to the financial markets, including the potential risk of loss of invested capital or lack of return. We have created five different investor profiles depending on the risk you are willing to admit, and certain other factors.

CONSERVATIVE

PROFILE: The goal of this profile is capital protection and stability. We understand that you would be willing to accept very low risks and potential losses in the short term.

STRATEGY: The risk of the conservative profile investment strategy should be within the lower range of the 2 to 5% volatility range calculated on the basis of historical data over three years.

MODERATE

PROFILE: The goal of this profile is to maintain stable capital, while also seeking protection against inflation. We understand that you would be willing to take limited risks, with potential not very high losses and that you would divest if there were widespread market falls.

STRATEGY: The risk of the moderate profile investment strategy should be within the higher range of the 2 to 5% volatility range calculated on the basis of historical data over three years.

BALANCED:

PROFILE: The goal of this profile is to achieve a balance between stability and capital growth. We understand that you would be willing to take risks in your financial investments and potential losses in the medium term.

STRATEGY: The risk of the balanced profile investment strategy should be within the lower range of the 5 to 10% volatility range calculated on the basis of historical data over three years.

DYNAMIC:

PROFILE: The goal of this profile is to achieve capital growth. We understand that you are willing to accept the natural risks that are part of the financial markets, including potential losses in the medium term.

STRATEGY: The risk of the dynamic profile investment strategy should be within the higher range of the 5 to 10% volatility range calculated on the basis of historical data over three years.

AGGRESSIVE:

PROFILE: The aim of this profile is capital growth by maximising return. We understand that you would be willing to take on potential losses with the long-term objective of maximising the return on your portfolio.

STRATEGY: The risk of the aggressive profile investment strategy should be within a 10 to 15% volatility range calculated on the basis of historical data over three years.

If necessary due to market conditions, the portfolio's risk profile may deviate from the volatility ranges1 indicated above.

1Volatility is the fluctuation in the price of assets in the portfolio.

To apply for the discretionary portfolio management service, you must first fill out the suitability test. Once we have assessed your replies, we will tell you your investor profile, and use it to offer you an investment portfolio adapted to your requirements.

Once the test is done, you can perform simulations to see the possible behaviour of your investment, and if you can want you can also associate it with a goal.

Once you have read, accepted and signed the contract, you will be holder of a discretionary management account.

“Green” or sustainable investment is referred to as ESG investment, which stands for environmental, social and good governance; as well as “SRI”, for Socially Responsible Investment. In addition to contributing positively to the environment and society, this type of investment offers greater efficiency and stability in the medium and long term. It also helps to sustain returns, reducing volatility and potential maximum declines. With our Robo-Advisor automated investment service we seek to generate returns for customers who engage the service, prioritising investment in ESG funds since November 2019. For example, more than 60% of our Shanghai strategy is invested in ESG funds, as of 6 April 2020. We engage the advisory services of Santander Asset Management, pioneers in sustainable asset management in Spain, in order to carry out an in-depth analysis of the ESG criteria of these funds prior to their selection .

Openbank is responsible for managing the investment of customers who have engaged the “We invest for you” service. To do so, Openbank has set up an Investment Committee that meets on a periodic basis. This Investment Committee is advised by Santander Asset Management and BlackRock, the world’s largest asset manager*, which provide us with their vision of the market and optimal asset allocation for each of our investment strategies. Based on this vision, the Investment Committee then selects the investment funds to implement the different investment strategies.

The Openbank Investment Committee manages portfolios based on a defined risk and origin (interest rates, stock market, credit risk, etc.) as opposed to a default asset allocation (50% equities and 50% fixed income, for example). This management approach enables us to better adapt to changing market conditions, ensuring that the risk taken on is controlled at all times. It is the best way to maximize results for each level of risk. Portfolios are reviewed on a continuous basis, taking into account the evolution of different markets. Changes to portfolios are always decided by the Openbank Investment Committee

*Source: Morningstar, 2019.

We apply the following anual fees to this service:

  • For balances under €25,000 the management fee will be 0.85% + VAT r (1,03% included VAT).
  • For balances over €25,000 and under €100,000 the management fee will be 0.65% + VAT (0,79% included VAT).
  • For balances over €100,000 and under €500,000 the management fee will be 0.55% + VAT (0,67% included VAT).
  • For balances over €500,000 and under €1,00,000 the management fee will be 0.45% + VAT (0,54% included VAT).
  • For balances over €1,000,000 the management fee will be 0.35% + VAT (0,42% included VAT).

Every month, the fees will be charged from the discretionary management account by the sale of shares in the portfolio's investment funds. These management costs are calculated based on the average daily assets under management.

For example, for an investment of €20,000, the fee would be €17.17 per month (VAT included and commission amount rounded up).

Please note that the balance of your investment is automatically readjusted on a regular basis, so fees are also calculated according to the total amount of investment.

You have a complete control panel that you can use to monitor your investment at any time, for example you can choose to add more money, withdraw part of the investment, cancel the service, etc. You can also consult your suitability test and even change your strategy (provided the new strategy appears as ideal according to your current test settings).

We will also keep you up-to-date about your capital evolution and the expected projected return, the funds that make up your portfolio and the details of the transactions we carry out.

You will have to carry out a fresh suitability test so that we can offer you the portfolio that best suits your needs. That's all there is to it. We take care of making the necessary management decisions to adapt your portfolio to the new circumstances.

You can edit your test by phone at 91 177 33 16; our investment specialists will be available from Monday to Friday from 8am to 8pm to take your call.

You must make a minimum investment of €500 to use the “We invest for you” service. Once you have made this minimum initial contribution, you can make occasional contributions whenever you want, or establish a periodic contribution (from €1* or more) on a daily, weekly or monthly basis. Both one-off and periodic contributions will be invested in the various investment funds in the proportion necessary to maintain the portfolio weights required by your mandate. Please note that a minimum amount of €100 euros has been set in order to manage each strategy. Remember that this service is designed for a medium or long-term investment horizon. At Openbank, we believe that a medium (3-7 years) or long term investment (+ 7 years) is the most efficient and optimal way to invest.

* These contributions will accumulate until a total of €10, before being invested in the asset allocation model in line with your investment strategy.

You can access your money at any time by either requesting a partial redemption or by cancelling the service. You can also change your investment strategy whenever you wish, without any need to request a redemption.

The minimum amount to be redeemed is €10, while the maximum amount will depend on the current value of your investment. A minimum amount of €100 has been set in order to manage each strategy. You can request the cancellation of your portfolio at any time, either from the website, the app or by phone.

Once the service cancellation order has been processed, the corresponding orders will be generated to settle your positions. Your money will then be transferred to the current account associated with your portfolio, minus any pending management fees and applicable tax withholdings.

Please note that your orders will be executed if there is no adjustment of your portfolio in progress. In other words, if at the time you place an order your portfolio is in the process of rebalancing or adjusting, that order (and any subsequent orders) may take a few days to be executed until all adjustments are made.

To make contributions you can access the make new contribution option at any time. You will then be able to choose which portfolio to contribute to, and decide whether you want to make a one-off or periodic contribution. The contribution can be daily, weekly or monthly.

Please note that contributions can be made from €1 and above, but no orders will be sent until the amount reaches €10 (e.g. if you contribute €2 each day, the adjustment will be made on the fifth day, for an amount of €10).

You can reimburse amounts from your portfolio whenever you want, but you must always need to keep a minimum operating level to carry out the necessary readjustments, which will vary depending on your portfolio.

Go to options in your investment control panel to change your portfolio's investment strategy. It displays all strategies included in your investor profile, and you can make comparisons between your current strategy and the one you select before confirming the change.

Accounts with a team of investment specialists with extensive experience

 

For more information, please consult our team of financial market specialists.

Tel: +34 91 177 33 16

If you prefer, we can call you. Click here. 

We manage, you have control

You can see how your investments are performing, at any time, wherever you are.

 

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