Frequently asked questions

In our FAQs you will find answers to your open questions. However, if you need further information on specific topics, please do not hesitate to contact us.
Top 7 frequently asked questions
Through the perfect blend of digital convenience and human investment expertise, we offer you digital asset management of the highest quality that not only performs well in the long term, but is also transparent and secure.
Yes. Through our pension solution with Liechtenstein Life Assurance AG, you can benefit from our investment expertise from as little as €50 per month. Read more   Another option is to open a joint custody account. To do so, simply start our registration process and select “Joint custody account”.
With a custody account at Baader Bank, your taxes are automatically paid by the bank when profits are realized or interest and dividends are paid (capital gains tax, solidarity surcharge, possibly church tax, withholding taxes). A loss offset pot is maintained by the bank. With a custody account at Liechtensteinische Landesbank AG, your taxes are NOT automatically paid for you when profits are realized or when interest and dividends are paid (except withholding taxes and stamp taxes). A loss offset pot is also not kept. After the end of the year (approximately in April of the following year) you will receive an income statement for your home country tax return. Realized gains, interest, and dividends are credited to your account with the bank and used by us for further investments.
You can find all information about our costs here.
No notice period. Closing your custody account with Baader Bank is possible at no additional cost. If you close your custody account with the Liechtensteinische Landesbank, a fee of CHF 100 will be charged.
Our clients’ funds are held in safe custody by our custodian banks (Baader Bank or Liechtensteinische Landesbank). Both banks are affiliated to deposit protection institutions, which means: the securities in your custody account are kept completely separate from the rest of the bank’s assets and are not affected in the event of the bank’s insolvency. You can simply have them transferred to another bank of your choice in the event of insolvency. Your account balance is protected up to an amount of EUR 100,000 or CHF 100,000 in the event of insolvency. Our clients’ funds are held in custody by our custodian banks (Baader Bank or Liechtensteinische Landesbank). Both banks are affiliated to deposit protection institutions, which means that the securities in your custody account are kept completely separate from the rest of the bank’s assets and are not affected in the event of the bank’s insolvency. You can simply have them transferred to another bank of your choice in the event of insolvency. Your account balance is protected up to an amount of EUR 100,000 or CHF 100,000 in the event of insolvency.
Depending on the investment strategy, we invest your assets in the following asset classes: Modern Value: individual shares and bond funds Value Green: Individual shares and bond ETFs Best of Funds: individual equities, equity, and bond funds
About Estably
Estably is a digital asset management company (also called a “Robo-advisor”) from the Principality of Liechtenstein.
Many investors lack the time and expertise to deal with the financial markets. Asset managers offer these investors the service of looking after their assets. In contrast to investment advisors, asset managers not only provide information about products and give recommendations for shares and funds, but also actively trade on the markets in the interest of their clients. Asset managers, like banks, are subject to legal supervision and require a license to offer their services. In Liechtenstein, asset managers are supervised and continuously monitored by the Financial Market Authority Liechtenstein (FMA).
Robo-advisor is digital investments that use technology and algorithms to manage and, at best, grow assets.
While classic Robo-advisors usually invest passively in ETFs or funds, we try to achieve an above-average return by carefully selecting individual stocks. In doing so, we are the only provider to rely on the value investing strategy that investment legend Warren Buffett, among others, swears by. As the only Robo-advisor in the Principality of Liechtenstein, you also benefit from the excellent framework conditions of one of the most sought-after financial locations in the world.
Through the use of modern technology, investing money via robo-advisors is uncomplicated and mostly transparent. You no longer have to go to the nearest bank or asset manager, but can open your own custody account from almost anywhere. Due to the scalability of the digital business model, the fees of Robo-advisors are usually much lower than those of traditional investments at a bank.
Account and custody account
Your account and custody account are held either at Baader Bank in Germany (www.baaderbank.de.) or at Liechtensteiner Landesbank (www.llb.li) in Liechtenstein. For the private pension solution, your custodian bank is St. Galler Kantonalbank (Switzerland).
In principle, any natural person or legal entity can become a customer of Estably, provided there is no US tax liability.
  • A stable internet connection
  • A webcam or the Identity.TM app for video identification
  • A valid photo ID
  • A certificate of registration (except for residence in Germany and Baader Bank custody account)
  • Your TIN (except for residence in Germany and Baader Bank custody account)
In principle, we only recommend transferring money, as otherwise we would have to sell all the securities currently held in the portfolio so that we can invest in accordance with our strategy.
Opening your custody account and account usually takes between 3 and 5 days. You will receive two separate letters with your access data for the web portal.
Your investment amount is invested on a weekly basis.
We need a reference account from you to process deposits and withdrawals and to ensure the security of payment flows. All deposits and withdrawals are processed exclusively via your reference account and are therefore protected from access by third parties.
Yes, this is possible. Simply set up a standing order with your bank in favour of your account at Baader Bank or Liechtensteinische Landesbank.
Yes, this is possible in principle. Please contact us for more information on the exact procedure (depending on the custodian bank).
Yes. To do this, select the “Joint custody account” option during the registration process and invite a second person to open a custody account by e-mail.
Yes, company deposits are possible from a minimum investment amount of €100,000. We require the following documents for opening a custody account:
  • Current extract from the commercial register (not older than 6 months),
  • LEI and TIN (tax identification number) of your company, as well as
  • Shareholders’ agreement or a document showing that you are the beneficial owner.
The German customer can only deposit an exemption order with a German bank. This is because the exemption order relates to the direct payment of income tax on investment income (withholding tax), which only German banks are obliged to do. The customer can use the exemption order to ensure that the German bank only pays the withholding tax if the investment income exceeds the tax-free amount on investment income (“saver’s allowance” of currently 801 euros (single assessment) / 1602 euros (joint assessment of married couples)). If you have a custody account at Baader Bank, you can submit your exemption order to the bank using the following form: Download Freistellungsauftrag Baader Bank. The LLB as a foreign bank (from the German point of view) is not subject to the obligation to pay the final withholding tax. The investment income earned on a foreign custody account must therefore be declared by the client herself as part of her income tax return. In the context of the tax return, the “saver’s allowance” is then taken into account ex officio, insofar as it has not already been exhausted by an exemption order with a German bank.
Investment strategy
We invest your assets according to Value Investing Principles.
Depending on the investment strategy, we invest your assets in the following asset classes: Modern Value: individual shares and bond funds Value Green: Individual shares and bond ETFs Best of Funds: individual equities, equity, and bond funds
Dividends and interest payments are credited to your clearing account. If an amount has accumulated in the account that is worth investing, we use the money to buy securities into your custody account.
You can switch between the investment strategies offered. If you are interested in changing your strategy, please send us an e-mail at [email protected] or call us at +423 220 29 70.
The concept of the “safety margin” within the framework of our value investing strategy provides that each share in your portfolio has a sufficient safety cushion. This cushion is created by the difference between the share price and the actual value of the company. The more undervalued a company is according to our analyses, the more likely it is to weaken (for example in times of crisis) in order to still be profitable. In addition, we invest primarily in companies that have already proven in the past that they can survive crises unscathed or that have sufficient liquidity to master a future one.
Yes. With our Value Green strategy, you invest in high-quality companies that meet high sustainability standards in addition to our strict value investing criteria.
Security and data protection
Our client’s funds are held in safe custody by our custodian banks (Baader Bank or Liechtensteinische Landesbank). Both banks are affiliated to deposit protection institutions, which means: the securities in your custody account are kept completely separate from the rest of the bank’s assets and are not affected in the event of the bank’s insolvency. You can simply have them transferred to another bank of your choice in the event of insolvency. Your account balance is protected up to an amount of EUR 100,000 or CHF 100,000 in the event of insolvency.
Data protection is a matter of trust and your trust is important to us. When processing your personal data, we strictly observe the legal regulations. We use state-of-the-art IT infrastructure to ensure the security of your data. Your data is always stored in encrypted form.
Our clients’ funds are held in safe custody by our custodian banks (Baader Bank or Liechtensteinische Landesbank). Both banks are affiliated to deposit protection institutions, which means: the securities in your custody account are kept completely separate from the rest of the bank’s assets and are not affected in the event of the bank’s insolvency. You can simply have them transferred to another bank of your choice in the event of insolvency. Your account balance is protected up to an amount of EUR 100,000 or CHF 100,000 in the event of insolvency.
Costs and taxes
You can find everything about our costs here.
No. Estably is an independent asset manager and receives no benefits from any company.
Baader Bank: No. Dissolution is possible at any time and without additional fees. Liechtensteinische Landesbank: When balancing a custody account, fees in the amount of CHF 100 are incurred.
You will receive a cost statement from us once a year. This shows all the costs you have paid. You also have access to the bank statements via your mailbox, on which you can see the bookings.
Clients subject to tax in Germany receive an annual tax certificate. Clients outside Germany receive a statement of income for the respective previous calendar year.
A credit card with the LLB costs CHF 200 per year. Alternatively, the LLB account can be opened as a direct debit account via another credit card provider.
We explain the performance fee according to the high watermark principle in this video.
Deposits and withdrawals
The initial investment amount will either be collected by us at Baader Bank by direct debit or transferred by you directly to your new account (partial transfers are also possible over several days). If you opt for a custody account with Liechtensteinische Landesbank, you can only transfer the amount to the new account yourself. You can make further deposits to your account by bank transfer at any time. You will find the IBAN and BIC of your account in the Estably Online Portal under “Deposits”.
Payments are made by bank transfer. Send us or the bank a transfer order (also possible digitally). Transfers can only be made to the reference account you have deposited.
You can terminate the asset management contract at any time without notice. To do so, please send us a signed letter of termination. You are also welcome to scan it and email it to us at [email protected] The securities will then be sold and the amount released will be transferred to your reference account.
Liechtenstein as a financial centre
No! Liechtenstein is no longer the tax haven of yesteryear. The financial market is strictly regulated by the Financial Market Authority.
As a safe haven in the heart of Europe, the Principality of Liechtenstein is predestined for asset management. The economic and political stability make the location highly attractive for discerning investors. In Liechtenstein, asset management has a very long tradition and has been conducted extremely professionally for many decades. Standard & Poor’s regularly awards the country a triple-A (AAA) rating. Liechtenstein is not an EU member, but is a member of the European Economic Area (EEA) and has a customs and currency union with Switzerland. The official currency is the Swiss franc.
Reporting
They can access their portfolio at any time via the Estably website using their login data and thus have full transparency over the current set-up and development.
  • Quarterly report: You receive a quarterly report on the performance of your portfolio via PDF to your Estably mailbox. The report contains an overview of performance, benchmark, trades made, distributions, and other key figures relating to your portfolio.
  • Loss threshold report: We will inform you if the portfolio value falls by more than 10% since the last quarterly report.
  • Cost report: Once a year you will receive a cost report with all costs incurred.
  • Company updates: Through our share investments, we make you part-owners of outstanding companies. So that you as a shareholder know what is happening in “your” companies, we keep you up to date with easy-to-understand company updates!