Know exactly what you pay for. No nonsense fees.
You pay NNEK a percentage on your total investments — or "assets under management" in finance jargon.
Pay less as you continue investing.
Your money is invested in funds that suit you, your level of risk and financial goals.
No extra fees when making transactions.
Your investments with NNEK, through the Curvo app, support fractional shares. This means that no cash is ever left on your account doing nothing.
Your portfolio is automatically rebalanced and adapts to your situation.
TOB, Reynders tax... We know that no one enjoys figuring this out.
Plus, there's no fee to get your money out.
They're managed by NNEK, an investment firm supervised by the Dutch finance regulator (AFM). This means they're also protected by the European Investor Protection Scheme.
Always know where your are on your investment journey.
No. Once your total investment passes €50,000, you will pay 0.85% on the entire amount. And then 0.70% once it passes €100,000, and so on.
First of all, we're happy that you understand the importance of investing. After all, our vision is for millennials to be financially secure. Even if you choose to invest by yourself, we're happy either way.
So you're more than welcome to inspire yourself from the portfolios and implement them yourself. Please note that those funds are only accessible to institutional investors, which means you won't be able to replicate it entirely on your own. But you can get close enough by buying similar ETFs.
However, if you:
...then you're welcome to sign up!
The fee covers everything except for the Reynders tax, which is the Belgian tax on capital gains for bond funds. It amounts to 30% on the profit and is charged when you sell parts of your investments and when your portfolio is rebalanced. For example, if you have €100 worth of bonds in your portfolio and end up selling it for €130, your net profit will only be €21. The other €9 will go to the Belgian state through this tax. If the Reynders tax applies to your situation, you will receive the necessary information to declare and pay it.
What about the total expense ratio (TER)?
Fund providers charge this fee for managing their funds. They automatically deduct it from the performance of the fund so you're not charged on top of the fee. The funds in your portfolio are carefully selected to have a low TER between 0.13% and 0.25%, and they're monitored closely.
Yes. Fluctuations in the markets are part of all long-term investment journeys.
The fee for the management of your investments by NNEK is charged every quarter. The day before a quarter begins, 1/4th of the fee is calculated based on the total value of your portfolio on that day. NNEK then charges you for the quarter in advance.
Fractional shares means that all your money is invested. Parts of your investments are sold in proportion to your portfolio to cover the fee.
You get a full breakdown of costs in your quarterly reports, which you can access directly in the app.
When investing in any of the portfolios, you don't have to pay any transaction tax.
Belgian residents are required to pay a transaction tax on each purchase and sale of a financial asset, for instance stocks, ETFs, bonds... However, funds that meet certain conditions are exempt. And all funds in your portfolio meet these criteria.