WE DO IT FOR YOU
Discretionary portfolio management
This option is designed for those who prefer to leave the management of their investments in professional hands. Delegating means gaining peace of mind and saving time.
We take care of your portfolio from start to finish, following a carefully defined strategy according to your profile and objectives.
ADVANTAGES OF DISCRETIONARY MANAGEMENT
Delegate wisely, without losing control or visibility.
Discretionary management combines planning, professional execution, and continuous monitoring. It allows you to invest methodically and with discipline, delegating day-to-day operations to a specialized team within a clearly defined framework developed in collaboration with you.
CUSTOMIZED STRATEGY
- After a thorough analysis of your financial situation, we develop a personalized investment plan.
- We define an optimal asset allocation (Fixed income, equities, alternatives, cash…) according to your risk profile and time horizon.
Everything is included in a clear management mandate, which establishes the guidelines and limits that both parties are comfortable with.
PROFESSIONAL EXECUTION
Our managers select the best assets and vehicles for your portfolio (stocks, funds, bonds, etc.)
- We make day-to-day buying and selling decisions diligently and quickly, to take advantage of market opportunities in your favor and protect you from risks.
- As an independent firm, our decisions are based solely on your best interests, free from conflicts or outside incentives.
CONTINUOUS RISK CONTROL
We manage your assets with a methodical and prudent approach. Investing wisely is not just about seeking returns, but about understanding the risks involved and keeping them within reasonable limits. Each portfolio under discretionary management is monitored daily.
- We measure key risk indicators (Volatility, diversification, liquidity, etc.)
- We verify that they remain within the agreed parameters.
- We make tactical adjustments to the portfolio composition to keep it optimized (if necessary).
- Discretionary management provides continuous monitoring and more orderly surveillance of the portfolio, to detect deviations, concentrations or unwanted exposures.
TRANSPARENCY AND COMMUNICATION
Discretionary management provides continuous monitoring and more orderly surveillance of the portfolio, to detect deviations, concentrations or unwanted exposures.
- You will receive regular and detailed reports on the evolution of your portfolio, returns, transactions made and current positions.
- You will have online access to view your consolidated assets at any time.
- We will agree to regular follow-up meetings with you to discuss results, answer your questions and, if necessary, redefine objectives in light of changes in your life or in the markets.
At Solventis we believe that trust is built with clear and truthful information, which is why we foster close, proactive and transparent communication with each client.
Our process
We explain our work process so you know what to expect when starting your relationship with Solventis
WE EVALUATE
YOUR SITUATION
We take the time to get to know you situation, objectives and values to suggest sensible investments. This discovery phase opens new perspectives for your assets.
WE DEFINE
YOUR GOALS
We review your financial situation and analyze the best alternatives for you. We turn your priorities into concrete goals according to your risk profile, time horizon and investment preferences and sustainability. It includes cash flow planning and pension tax analysis.
WE CREATE YOUR WEALTH PLAN
We present your comprehensive wealth and investment plan, showing how it works today and how it will evolve over time.
IMPLEMENTATION
Once the solutions are validated, we implement the plan with you:
We configure fiscally efficient portfolios and we invest according to your strategy.
MONITORING
AND CONTINUOUS REPORTING
You will have a dedicated team and ongoing supportwith regular reviews and meetings. Reporting in accordance with Spanish regulations and European (such as MiFID II), access to the client portal, our app and all Solventis services,
Download our quarterly newsletter
Our Quarterly Letter is now available, in which we analyze market behavior, the macroeconomic context, the different asset classes, the evolution of our funds and the main reflections of our investment team.
It may interest you...
Want to learn more about our philosophy, vision, and positioning?
We invite you to explore the content from Solventis that we have selected for you: From our understanding of responsible investment, to market perspectives and analysis from our team.
Discover what drives us and how we approach wealth management in a unique way for our clients.
Differences in fund classes with currency hedges
FEDERAL SYSTEM
We solve your queries
So that financial decisions are made with transparency, clarity and trust
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.
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:
- 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.
- 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.
How often is my portfolio adjusted, and who makes those decisions?
Portfolio adjustment decisions are made entirely by our Investment Committee, which is the highest investment 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 three 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.
Changes in personal circumstances: If there are relevant changes in the investor's personal, asset or financial situation that may affect their objectives, liquidity needs, risk tolerance or time horizon, we will review their profile and, if necessary, adjust the strategy to remain aligned with their new circumstances.
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.
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.