Fjärd - Robo-Advisor App for ISK and KF Savings

Home, account detail with Allocation, Holdings, Sustainability, Costs and ISK or KF tax tabs, goals, activity and the recommended portfolio, plus Deposit and Withdraw sheets signed with BankID.

The customise slider allows any lower risk level, or one level above the recommendation with a warning and an extra confirmation. Two or more levels higher is not offered.

The recommendation breaks year 1 costs into Tallbacka's 0.24% fee, 0.22% fund costs and 0.03% transaction costs, in SEK and %, and shows their effect on return after 12 years.

3 ISK and 1 KF across 5 goals, 12 funds and ETFs with SFDR and PRIIPs data, 4 model portfolios, 28 transactions and 6 inbox notices.

Suitability Without an Adviser

MiFID II requires a suitability assessment of knowledge and experience, financial situation and risk tolerance. ESMA's guidelines for robo-advice expect questions that detect inconsistent answers, a clear explanation of how the algorithm works and human oversight of it.

Sustainability Preferences by Law

Since August 2022 the assessment must ask for a minimum share in taxonomy-aligned and SFDR sustainable investments and whether principal adverse impacts should be considered. The portfolio has to meet those preferences, or the customer has to adapt them on record.

Costs and Alerts Owed to the Customer

Costs and charges must be shown before investing and reported yearly, in SEK and %, including their effect on return. Portfolio management customers must be told when their portfolio falls 10% since the last periodic statement, the same business day.

Two Account Types, Two Tax Regimes

An ISK is taxed on a capital base times a standard rate, with a tax-free amount per person across all providers. A KF is owned by a partner insurer that pays yield tax and names beneficiaries. Customers need both explained in plain language.