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Who is Solventis aimed at?
We work with individuals, families, companies and institutions seeking professional, personalized and independent advice, both for managing their assets and for making investment or corporate decisions.
What type of services does Solventis offer?
We offer wealth management services, investment solutions, and corporate advisory services. This includes portfolio management, investment funds, estate planning, financing, corporate transactions, and access to capital markets.
Is Solventis independent?
Yes. We are an independent financial firm. We are not affiliated with any banks or specific products, which allows us to select and propose solutions tailored to each client's interests.
What is your working method like?
Our approach is based on analysis, sound judgment, and ongoing support tailored to each client. We listen, analyze every situation, and make methodical decisions, always explaining the reasoning behind each recommendation.
Do you manage investments directly?
Yes. Depending on the service contracted, we can manage investments at our discretion or advise the client in decision-making, always with monitoring, support, and strict risk control.
What sets Solventis apart from other financial firms?
Independence, a focus on decision-making, and a personal touch. We don't offer standard solutions: each client and each transaction is analyzed individually.
Can I contract for only a specific area?
Yes. You can work with Solventis in the areas of Wealth Management, Asset Management or Corporate & Investment Banking independently, according to your needs.
How do I start working with Solventis?
The first step is a conversation. We analyze your situation, understand what you need, and explain which services best suit you, with no obligation.
What is Asset Management and what type of investors can use it?
Asset Management is the professional management service of investments through funds and other financial vehicles, with the aim of obtaining profitability in the medium and long term while controlling risk.
It is aimed at individual investors, companies and institutions that want to invest through an expert team, with a rigorous process and continuous monitoring.
How can I start investing?
To begin investing, the first step is an initial consultation. We analyze your investor profile, your financial goals, and your time horizon to identify the most suitable investment solutions.
Once the fit is defined, we will accompany you through the registration and hiring process, explaining each step clearly and transparently.
What is the minimum initial investment?
The minimum initial investment depends on each investment fund.
Some products are accessible with relatively small investment amounts, while others require a higher minimum capital. In all cases, this information is provided before investing.
What fees exist and how are they applied?
Investment funds primarily charge a management fee, a deposit fee, and other operating expenses necessary for their operation.
All fees are included in the fund's net asset value, so there are no additional charges outside of the product itself. Full details are available in the legal documentation.
How can I subscribe, refund, or modify my investment?
Subscription, redemption or modification operations are carried out following the procedure established for each fund.
We accompany you throughout the entire process, confirming the conditions, deadlines and impact of each operation before its execution.
What is net asset value and when does it apply to my transactions?
The net asset value is the daily price of the fund and reflects the value of all assets in the portfolio, after deducting expenses.
Subscription and redemption transactions are executed at the net asset value corresponding to the day the order is placed, provided it is done within the established hours.
How long does it take for a refund to be processed and when will I receive the money?
The usual timeframe for receiving a refund is between 1 and 3 business days, although this may vary depending on the type of fund and the assets in which it invests.
For products with lower liquidity, the terms may be longer and are communicated in advance.
How does taxation work when redeeming a fund? Are there any withholding taxes?
The redemption of an investment fund generates a capital gain or loss that is taxed under the Personal Income Tax (IRPF).
Generally, there is no automatic withholding tax at the time of redemption. Furthermore, transfers between funds allow for deferred taxation as long as the money is not withdrawn.
What is fixed income and how does it work?
Fixed income involves lending money to states or companies in exchange for periodic interest payments and the return of the principal on a specific date.
It brings stability to the portfolio, although it does not guarantee positive returns.
Can a fixed income fund incur losses?
Yes. Interest rate hikes, changes in the credit quality of issuers, or market movements can affect the fund's value and generate temporary losses.
What is duration and why is it important?
Duration measures the fund's sensitivity to changes in interest rates and credit quality.
A longer duration implies a greater impact from interest rate movements; a shorter duration reduces volatility.
For what type of investor is fixed income suitable?
This applies to everyone to a greater or lesser extent, but it should have more weight in the portfolios of investors seeking stability, capital preservation and income generation, either as a core or as a complement to the portfolio.
What is equity?
Equity investing involves investing in company shares, which grants ownership of a part of that company, participating in its growth.
It offers greater profitability potential, but also greater volatility.
What time horizon does equity investing require?
It is designed for a medium and long-term horizon, usually longer than five years, to absorb short-term volatility.
What does it mean for a fund to be actively managed?
This means that the manager does not replicate an index, but actively selects investments seeking to generate long-term value.
How is risk managed in equities?
Through diversification, fundamental analysis, exposure limits, and continuous monitoring.
Volatility is managed, not eliminated.
What happens when markets fall?
Downturns are part of the cycle. Professional management assesses whether they represent a structural risk or an opportunity, maintaining a long-term perspective.
What is a mixed fund?
It is a fund that combines fixed income and equities within the same product, seeking a balance between risk and return.
Can a mixed fund adapt to different market scenarios?
Yes. That's its main advantage. In flexible funds, the manager adjusts exposure to different assets according to the market environment.
What is the time horizon for mixed funds?
Generally a medium or medium-long horizon, depending on the percentage of equities the fund may have, usually between three and five years.
What type of investor are mixed funds suitable for?
For investors seeking diversification, balance, and comprehensive management, without having to combine multiple products on their own.
What is considered an alternative investment?
It includes non-traditional assets such as private equity, private debt, infrastructure, or absolute return strategies.
What does alternative management bring to a portfolio?
It provides diversification and decorrelation, reducing dependence on traditional markets.
What are the risks of alternative investment?
Primarily lower liquidity, greater complexity, and longer investment horizons.
What does it mean for a fund to have lower liquidity?
That the capital cannot be recovered immediately.
There may be liquidity windows or minimum holding periods.
What type of investor is alternative investment suitable for?
For investors with a long-term horizon, financial capacity and tolerance for lower liquidity, as a complement to their portfolio.
What differentiates a SICAV from an Investment Fund?
The main difference is the legal structure: a SICAV is a company, while a fund has its own legal form. In practice, this makes no difference, except for transferability, which in the case of SICAVs is not possible except in a few specific cases.
Are there limitations on redeeming pension plans?
Yes. Pension plans can only be redeemed under certain circumstances: retirement, permanent disability, severe dependency, death, long-term unemployment, serious illness, or contributions made more than 10 years ago.
Can I change my Pension Plan?
Yes. Although there are limitations on withdrawals, transfers between Pension Plans are not limited.
What services does Solventis Corporate offer?
Advice on corporate transactions, financing, M&A, strategic analysis and capital markets.
Do you advise on business sale processes?
Yes, we assist companies and shareholders in divestment processes or the entry of strategic partners.
Do you advise family businesses?
Yes, especially in processes of growth, generational change or corporate reorganization.
When does it make sense to contact Solventis Corporate?
When a company considers a significant operation: growing, selling, buying, financing, or redefining its strategy.
Is Solventis Corporate independent?
Yes. It does not belong to any banking group nor does it have its own products that could influence the advice it provides.
What does Solventis Corporate offer compared to other advisors?
Specialization, independence and an approach based on rigorous analysis of each operation.
Does Solventis Corporate work with companies long-term?
Yes, many relationships are maintained beyond a specific transaction.
What is discretionary portfolio management?
Discretionary portfolio management is an investment service regulated by the CNMV (Spanish National Securities Market Commission) through which you transfer to us, via a written mandate, the authority to make investment decisions regarding your assets: what to buy, what to sell, when, and in what proportion. Our Investment Committee acts autonomously, without needing to consult you on each transaction, although always within the limits you have defined: risk profile, time horizon, and wealth objectives.
It differs from financial advice in that, while we provide personalized recommendations, the final decision is always yours. In discretionary management, the responsibility for decisions made within the mandate rests with Solventis, not with you.
At Solventis we provide this service from our securities firm (SV) with more than twenty years of experience in wealth management, with a specialized team and our own investment process that combines fundamental analysis, risk control and a long-term vision.
What is the suitability test and why do I have to take it before hiring?
The suitability test is a questionnaire required by MiFID II regulations that we conduct with you before formalizing any discretionary management agreement. Its purpose is to determine whether the proposed service and strategy are suitable for your specific situation.
Throughout the process, we gather information on four aspects: your investment experience and knowledge; your financial situation (assets, income, savings capacity, and liquidity needs); your investment objectives and time horizon; and your actual tolerance for losses and volatility. Since 2022, we have also asked about your sustainability preferences.
With all this information, we design a portfolio strategy that is consistent with who you are as an investor, not a generic model. Without a current suitability test, we cannot provide the service. If your circumstances change—a significant change in your assets, income, or goals—we recommend updating your test so that your portfolio remains optimally suited to your needs.
How much does the discretionary management service cost? What fees apply?
At Solventis, we structure the cost of the service transparently and without hidden kickbacks, in line with what MiFID II requires for discretionary portfolio management.
The cost has two components:
1. Explicit management fee: This is the fee Solventis charges you directly for the active management of your portfolio. It is applied to the average assets under management and is paid periodically. The specific amount is agreed upon with you before you sign the contract and is included in the agreement.
2. Implicit expenses of investment vehicles: When the portfolio invests in funds, ETFs, or other collective instruments, these have their own internal fees that are deducted from the net asset value. At Solventis, we inform you of the total cost (Total Expense Ratio) annually.
Unlike traditional bank distribution, in discretionary management we do not receive third-party kickbacks for the instruments selected for your portfolio. Our remuneration is unique and explicit, eliminating any conflict of interest in asset selection.
In which instruments and markets can my portfolio be invested?
One of the advantages of working with Solventis is access to a broad investment universe, without the closed architecture limitations typical of traditional banking.
Depending on your profile and the agreed strategy, your portfolio may include: fixed income (government and corporate bonds, both in euros and other currencies); equities from major international markets; investment funds from national and international managers; ETFs; and in larger portfolios or those with a specific profile, alternative assets such as hedge funds, private equity, private debt instruments or structured products.
Each asset is selected by our Investment Committee through a proprietary analysis process that combines macroeconomic vision, fundamental analysis, and risk management.
We are not constrained by commercial relationships with asset managers or by distribution targets for our own product: we choose what we consider most appropriate for your portfolio at any given time.
How often is my portfolio adjusted, and who makes those decisions?
Decisions to adjust your portfolio rest entirely with our Investment Committee, which is the highest decision-making body at Solventis. You do not need to approve every move: that is why you have granted us the management mandate.
The adjustments respond to two types of situations:
Periodic and systematic reviewThe Committee continuously reviews the composition of all managed portfolios in relation to market conditions, agreed strategic weights and the evolution of each client's risk profile.
Tactical adjustmentsWhen markets present specific opportunities or when an asset deviates significantly from its target weight, the Committee can act immediately, without waiting for the next scheduled review.
In any case, we will always inform you of relevant changes made to your portfolio through periodic reports and, where appropriate, through direct communication from your reference manager at Solventis.
What is the minimum net worth required to access the service?
Solventis' discretionary asset management service is geared towards clients with sufficient financial resources to allow for effective diversification and active, cost-conscious management. The minimum investment amount is determined based on the agreed-upon strategy and the type of assets it comprises.
To determine the applicable threshold for your specific situation, we invite you to contact our team. In our initial meeting, we will analyze your overall circumstances and determine whether discretionary management is the most suitable service for you, or if personalized advice or another type of investment vehicle would be better suited to your needs and the size of your assets.
We have offices in Barcelona, Madrid and Vigo, and we serve clients throughout Spain and abroad.
Can I get my money back at any time? Are there any minimum commitment periods?
There are no minimum commitment periods or contractual penalties for canceling the service or withdrawing your investment. You retain full control of your funds at all times.
When you request a full or partial redemption, we execute the divestment within the timeframes specified by the instruments that make up your portfolio. In the case of investment funds, the timeframeThe usual settlement time is one to three business days per fund. If your portfolio includes less liquid assets, such as certain hedge funds or private debt instruments, the settlement time may be longer, and we will clearly communicate this to you before you sign the contract and in the contract itself.
That said, discretionary management is intended for the long term. Divesting before completing the time horizon we define together could result in losses if markets experience adverse conditions. We will explain this risk in detail during the goal setting and portfolio construction process.
What information will I receive about my portfolio and how often?
Transparency is one of the core principles that define Solventis's way of working. Beyond the minimum requirements of MiFID II, we are committed to keeping you regularly and clearly informed about what is happening with your portfolio.
You will receive monthly periodic reports that include: the detailed composition of the portfolio; the return for the period and the cumulative return since the beginning; the evolution of risk; and a market context analysis that explains the decisions made by the Investment Committee.
Beyond written reports, your dedicated advisor at Solventis is available to review your portfolio whenever you deem it necessary. We believe that the client relationship cannot be limited to a quarterly document, so we establish regular contact with your advisor at the agreed frequency.
Can I lose money? What risks are involved in discretionary management?
Discretionary portfolio management does not guarantee capital preservation or a specific return. Market performance can be adverse, and this possibility exists regardless of the quality of the management process.
The main risks to which your portfolio may be exposed are: market risk (changes in asset prices due to economic, geopolitical, or sentiment factors); exchange rate risk (if the portfolio includes assets in currencies other than the euro); credit risk (possibility of default or deterioration in the quality of a fixed-income issuer); interest rate risk (sensitivity of bond prices to changes in interest rates); and liquidity risk (when certain assets cannot be sold quickly at the market price).
At Solventis, we manage these risks actively and rigorously: the Investment Committee applies risk limits defined in the mandate and uses proven control methodologies. But risks don't disappear: they are an inherent part of any investment. We will explain them to you in detail before formalizing the contract so that your expectations are realistic.
Does discretionary management have tax advantages compared to managing my own money?
When discretionary management is structured through investment funds, which is the most common vehicle for Solventis clients, there is a relevant tax advantage for individuals residing in Spain.
The transfers between funds that we perform when rebalancing your portfolio do not generate a capital gain or loss at the time of the transaction. You only pay income tax when you withdraw cash from your portfolio, that is, when you make a redemption. This allows you to defer tax payments for years or decades, reinvesting all the accumulated capital without being reduced by intermediate tax payments.
At the time of reimbursement, the capital gain generated is taxed as a capital gain in the savings base of the IRPF, with the possibility of offsetting losses within the same fiscal year.
Additionally, at Solventis we take into account the tax impact of each investment decision, ensuring that portfolio changes are efficient not only from a financial but also a tax perspective.
How does the registration process work? What documentation do I need to provide?
The process of becoming a discretionary management client at Solventis is simple and designed to be experienced as a process of mutual understanding, not as a bureaucratic procedure.
It consists of three phases:
1. Initial diagnostic meeting: We analyze your financial and asset situation, your objectives, your time horizon, and your expectations. This meeting is non-binding and allows us to determine if discretionary management is the most suitable service for you.
2. Suitability test and portfolio proposal: we complete the MiFID questionnaire, define your risk profile and present you with a personalized strategy proposal with the assets, distribution and risk level that we consider most appropriate.
3. Contract signing and initial deposit: We sign the discretionary management agreement, which outlines the mandate, financial terms, and operating rules. Once the account is activated and the initial deposit is received—via bank transfer or transfer of funds from another institution—we begin management.
The required documentation includes your valid identity document and tax residency declaration. Depending on the origin and amount of your assets, we may request additional documentation in compliance with anti-money laundering regulations.
Will I have a personal manager assigned to me? How do I contact Solventis?
Yes. At Solventis, each discretionary portfolio client is assigned a dedicated private banking advisor who understands their situation, objectives, and portfolio history. This isn't a call center or a web form: it's a specific person you can call, email, or meet with whenever you need.
This manager acts as your main point of contact: explaining the Investment Committee's decisions, conveying Solventis' market outlook when relevant to your portfolio, coordinating periodic reviews, and channeling any instructions or changes you wish to introduce.
Beyond contacting your manager, Solventis has offices in Barcelona, Madrid, and Vigo, so you can meet with us in person in any of the three cities or connect via videoconference if you prefer.
Direct communication, without intermediaries and without constant changes of contact person, is one of the aspects that our clients value most.
Once I've subscribed to the service, can I make additional contributions or make partial withdrawals?
Yes, at any time. The discretionary management agreement with Solventis does not limit your ability to make additional contributions or partial withdrawals throughout the relationship.
Additional contributions can be made via bank transfer or transfer of funds from another institution. These are incorporated into your portfolio according to the current strategy and target weights defined in the mandate.
Partial withdrawals are executed by redeeming the instruments that make up the portfolio. Our team manages this transaction, striving to minimize the tax impact and maintain the consistency of the resulting portfolio. If the withdrawal is significant, your manager will explain how it will affect the asset allocation and, if necessary, we will discuss with you whether adjusting the strategy makes sense.
For urgent or more complex operations, your reference manager coordinates the execution directly.
Who holds my assets in custody? What happens if Solventis has a problem?
Your assets remain yours at all times and are segregated from Solventis' balance sheet. This separation is not a marketing promise: it is a legal obligation imposed by investment services regulations and is supervised by the CNMV (Spanish National Securities Market Commission).
The custody of your assets is entrusted to an independent custodian, separate from Solventis, which maintains the register of your securities and positions in your name. Should Solventis, as the asset manager, experience any operational or financial difficulties, your assets would not form part of its equity and would be protected.
Before signing up, we will inform you in detail which entity will act as custodian for your specific portfolio and how that relationship is structured. Transparency regarding the custody structure is part of our responsibility to you.
Does Solventis charge commissions from the fund managers in which my portfolio invests?
No. In discretionary portfolio management services, MiFID II regulations prohibit Solventis from retaining any incentives or retrocessions received from the fund managers in which the investments are made. If any incentive is received, we would be obliged to pass it on to you in full.
Our compensation for discretionary management is unique and explicit: the management fee we agree upon with you in the contract. There are no hidden fees or conflicts of interest arising from third-party commissions.
This is a key difference compared to other fund distribution models where the entity "recommending" a product has a financial incentive to promote specific asset managers or fund classes. At Solventis, the selection of instruments for your portfolio is based exclusively on investment criteria: expected return, risk, liquidity, and suitability for your profile.
The independence of Solventis —whose capital is in the hands of its managers, without any link to any financial or industrial group— reinforces this guarantee.
What strategies or portfolio profiles does Solventis offer?
At Solventis, we don't work with standard model portfolios that are automatically assigned to a generic profile. Our starting point is always your specific situation: your risk profile, your objectives, your time horizon, and the composition of your overall assets.
Based on that diagnosis, the Investment Committee, together with its advisor, designs a personalized strategy that can range from portfolios with a predominance of fixed income and assets ofFrom low volatility, focused on capital preservation, to strategies with greater exposure to global equities and alternative assets, focused on long-term wealth growth.
For clients with larger portfolios or specific needs, exposure to particular markets, sector restrictions or sustainability preferences, customization can be even more granular, adapting the strategy to every detail of their situation.
In any case, the proposed portfolio will always be within the limits resulting from its MiFID suitability profile.
What happens if my financial situation or goals change over time?
Discretionary portfolio management is a service that evolves with you. If your circumstances change—a significant increase or decrease in your wealth, a change in your income, an upcoming need for significant liquidity, retirement, an inheritance, or any other relevant event—your portfolio strategy should adapt.
To this end, we updated the suitability test and jointly reviewed the management mandate. If the adjustment involves changing the portfolio's asset allocation, we implemented it efficiently, taking into account the tax implications of the necessary adjustments.
Don't wait for the market to force you to make decisions: tell us in advance about any changes you anticipate in your situation so we can adapt your portfolio accordingly. Your dedicated manager at Solventis is available for these kinds of discussions at any time, not just during formal periodic reviews.
Can I include sustainability (ESG) criteria in my portfolio management?
Yes. Since August 2022, MiFID II regulations require us to collect your sustainability preferences as part of the suitability process and to try to incorporate them into the management strategy.
At Solventis, we approach sustainability as an investment criterion with a real impact on long-term risk and returns, not as a marketing label. Depending on your preferences, we can orient your portfolio towards instruments with strong environmental, social, and governance (ESG) metrics; exclude specific sectors or activities; or incorporate funds classified as Article 8 or Article 9 under the European SFDR Regulation.
We will honestly explain what each option entails, what products are available on the market that meet your preferences, and what the potential impact is on your portfolio's profitability and diversification. If there isn't an option that fully meets your sustainability preferences, we will let you know and decide together how to proceed.
Does Solventis' discretionary management include tax, estate, or inheritance planning?
The discretionary portfolio management agreement specifically governs the management of your investment portfolio: asset selection, trade execution, and risk control within the agreed mandate. Tax, estate, or inheritance planning are not part of the management agreement itself.
However, at Solventis we understand that an investment portfolio doesn't exist in isolation: it's part of a broader asset base that may include real estate, business shares, pension plans, insurance, or assets abroad. That's why our wealth management advisory service, which can complement discretionary management, encompasses analyzing your overall financial situation, defining long-term financial goals, anddevelopment of an investment plan that takes into account your tax situation and your wealth transfer objectives.
For clients who require it, we coordinate our management with their external tax and legal advisors, providing market insights and investment perspectives that allow them to make more informed wealth decisions.
If you want to know in detail the scope of each service and how they can complement each other in your case, your first step is to talk to our team.