Santander offers under 30s digital investment from 10 euros with reduced fees, and to clients with over two million euros, a wealth consolidation service at no additional cost.
According to elasesorfinanciero.com, Banco Santander has made moves on two fronts: private banking for high net worth individuals and digital investment for young people. Clients with over two million euros under management can now access a wealth position consolidation service, at no additional cost for the High Net and Ultra High segments.
The service is provided by Beyond Wealth, a legal entity independent from the group focused on families, single family offices, and institutions. According to the entity itself, it oversees over 3.5 billion euros in assets in Spain after its first year. It complements the Wealth Check service, aimed at wealth exceeding 20 million euros.
The tool offers a comprehensive view of wealth to detect inefficiencies, composition biases, risk concentrations, and liquidity mismatches. Santander Private Banking assures that its bankers will not have access to this confidential information.
For the under 30 audience, the entity has redesigned its low-cost digital offering. It allows investment from 10 euros in the Ibex 35, the Euro Stoxx 50, and the S&P 500, and adds 15 ETFs linked to crypto assets like Bitcoin, Ethereum, and Solana.
Trading of stocks and ETFs has a flat fee of 1 euro per transaction, and the management fee for delegated portfolios drops to 0.4%. There are six global portfolios with risk profiles, from fixed income to aggressive strategies, and a universe of over 15,000 stocks and 3,000 ETFs. If an asset is missing, the client can request its inclusion, with a response time of between 24 and 48 hours.
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