Conclusion: Growney experiences and test
We took a closer look at Growney’s offering. What is positive is how easy and inexpensive a depot can be opened at Growney. The Wealth Manager will help create one individual ETF savings plan and automatically manages your investments. As an investor, you don’t have to invest a lot of time in the fund because the robo-advisor takes care of everything. On top of that it no hidden costs are. All applicable fees can be found on the website. Another plus is the high security of the depots, which is given, among other things, by the cooperation with the private Sutor Bank. Growney rebalances once a year, restoring original positions and risk alignments. Growney does this by selling better-performing portions of investments and buying relative underperforming portions of positions.
Growney would like to make his depots accessible to everyone. That’s why Growney refrains from highly speculative investment strategies. The company relies on a passive investment strategy in which funds replicate the index. Growney offers a total of ten investment strategies, which also include sustainable investment options. Competitors like Quirion offer more. Furthermore, there are no special investment options for children.
Our recommendation: The robo-advisor Growney is particularly suitable for investors who either have little time for their own investments or who have little knowledge of the stock market, but do not want to forgo an individually tailored investment. If you are already familiar with the stock market and have enough time to invest your own money, it may also be worth investing in ETFs yourself.