lux|mandate

Discretionary management is a type of investment where a management expert makes investment decisions on the client's behalf, without obtaining prior approval for each transaction. The manager is able to make these decisions based on the customer's objectives and constraints, and can therefore adjust the portfolio based on market conditions.

lux|mandate is intended for retail investors who would like to invest EUR 25.000 to EUR 250.000 but do not want to have to monitor their portfolio themselves.

Our lux|mandate discretionary management product uses a variety of strategies that are adjusted to our customers' risk level and sustainability preferences. The ideal strategy is determined using a suitability test. This test consists of questions about the customer's investment objectives, including the risk he is willing to take, his financial situation, his knowledge and experience, and his sustainability preferences.

As explained in the question "What is lux|mandate's risk level?", the product offers several strategies with different risk levels. Your assigned strategy corresponds to your inverstor profile. However, all the strategies invest in investment funds and the capital is therefore not guaranteed. 

Money invested in lux|mandate is accessible and can be withdrawn at any time. However, the product has been designed for medium or long term investments (at least 3 to 5 years). When disinvesting, there is no guarantee that the value of the product will not have fallen and that you will be able to withdraw the initial amount. For tax purposes, we recommend that you hold on to the product for at least six months.  

The strategy is derived from the investor profile created based on the customer's suitability test. It is strongly recommended that this test be kept up to date and that it be redone at least once every two years. If a customer changes his responses to the suitability test, the strategy may also change. In that case, the customer's portfolio is automatically adjusted.

No matter how much is invested or how many transactions are made, lux|mandate always costs EUR 10/month (excluding VAT). Transaction and custody fees are included in this rate. Total annual fees therefore come to EUR 120 (excluding VAT). The first month is free.

A valuation report is sent on a quarterly basis so you can keep track of performance and of the costs related to discretionary management.

lux|mandate discretionary management invests principally in investment funds managed by Spuerkeess Asset Management: lux|funds. These are equity, bond and mixed funds. The lux|funds are characterised by the consistency and strength of their performance with the objective of achieving steady growth in capital and/or stable and recurring income. Spuerkeess Asset Management's investment culture can be described as dynamically conservative.

Your sustainability preferences are taken into account when your investment strategy is defined. As with the different risk profiles, different levels of sustainability preferences are incorporated into the investment strategies.

Yes. The customer completes a separate suitability test for each lux|mandate. Each lux|mandate can therefore have different strategies.

No. You can only sign up for lux|mandate with your dedicated personal banker.

Yes. The current account and securities account associated with lux|mandate can be checked in S-Net, but no transactions can be made online. Only the advisor can invest or disinvest in lux|mandate.

Currently, it is not possible to set up a standing order to fund your discretionary management portfolio on a regular basis. You can, however, make one-time investments starting at EUR 5.000.