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October 2020

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FAQ

About FinMarie

Does FinMarie also do speaking engagements?

Yes, both CEO Karolina Decker and COO Caroline Bell are generally available, depending on their schedules. Since needs and preparations are very different, we design tailor-made requirement here. Feel free to contact us.

Is FinMarie a serious financial coach?

Our Team has almost 50 years of financial experience as well as more than 25 years of experience in advising private customers. With an independent permit from the German banking regulator § KWG 34f GewO we actually advise our customers completely independently.

What are the advantages of investing through FinMarie?

A good investment requires a lot of time and know-how in research and analysis. Our team at FinMarie has checked the relevant investment options for you and selected those that are currently the most suitable solution for our clients. Incidentally, this selection is regularly checked again and optimized again if necessary. We help you to identify your personal risk profile and set your investment strategy along it. We want to support women sustainably in building a good relationship between themselves and their money and future prosperity. In free video updates (often on LinkedIn) or our private Facebook group, you can get tips and answers to your questions at any time.

Why should I use FinMarie instead of buying ETFs directly?

Certainly: if you have the experience, expertise and time to create, monitor and adjust your portfolio yourself in response to market movements, then managing your portfolio is certainly an option. At FinMarie you not only get the technical solution, but the perfect combination of people, financial expertise and tech. With the many years of expertise of the FinMarie team, you can use the best available investment tools on the market at any time and in a time-saving manner AND can for example, obtain real answers from real people at any time via our private Facebook group. Or combine your investment with our financial advice as you wish. Perfect for busy women who want to keep their financial assets in good hands while keeping their mind free for their other priorities at work and life.

How is FinMarie regulated by the government?

FinMarie has its own banking license. With an independent permit from the German banking regulator § KWG 34f GewO we can advise our clients completely independently.

What happens to my money if FinMarie is ever sold, purchased or closed?

When you invest in FinMarie, all of your investments are held in your name. If FinMarie should ever be bought, sold or shut down, you still have full control over all your investments. All ETFs and bank accounts are kept in your name.

Investing

What is an ETF Savings Plan?

Investors who want to invest in ETFs on a regular basis can achieve this with an ETF Savings Plan. This means that investors can take advantage of smaller investment amounts (from € 50) that should provide a higher return over time than a savings account money account.

Do I have to decide between investing in Growney OR Vividam?

No, you can choose which investment option you prefer at any time, and you can also in both options should you wish, in any amount of your choosing, as long as the minimum investment requirements are met in both options. We would be happy to advise you if you would like assistance to decide which is appropriate for you.

What does ‘sustainable investing’ mean?

Sustainable Investing is the general term for sustainable, responsible, ethical, social, ecological investment and all other investment processes that include the influence of ESG (environment, social and governance) criteria in their financial analysis and selection.

“Impact Investment” – is that also sustainable?

Impact Investment is a sub-category of sustainable investment.
These are investments in companies, organisations and funds with the aim of having a social and / or ecological impact in addition to the financial return. Impact investments can be made in markets in both industrialised and developing countries. Impact investments are often project-specific and differ from the approach of philanthropy (in which no financial returns are expected).
At Vividam, special thematic funds (water, climate, renewable energies, etc.) are also part of the impact investment strategy.
Since the publication of the 17 UN SDGs (Sustainable Development Goals) in 2015, more and more investors have measured the impact against these 17 goals.

Can I only invest a one-off amount with FinMarie or can I invest on a regular basis?

Both are possible. You can decide whether you want to make a one-off investment, implement a savings plan or combine both.

Is there a minimum investment amount or minimum savings amount?

The minimum investment with Growney is 50€ as an initial investment, with a 25€ per month savings plan. With Vividam, the amounts are higher with a minimum initial investment of 3.500€ and a minimum monthly savings plan of 75€ per month. Changes to both savings plans can be made at any time.

How and where do I complete the contract for the investment account?

The contract is completed entirely digitally. You complete the contract in the respective investment tool Growney or Vividam by clicking on the “Open deposit now” button in the “Conclude contract” step. Before doing so, we ask you to confirm that you have read our contract documents by ticking the appropriate box. For your documents, we will also send you all the relevant contract information by email.

What are the investment risks?

Like any financial investment with securities, the growney investment strategies and vividam investment strategies are subject to market fluctuations and thus there is a risk of loss. However, there is no obligation to make additional payments at any time. Losses are possible and even likely in the short term, as the ETF portfolios will fluctuate in value due to the broad diversification. However, historical developments show that losses are almost always offset by stronger growth phases, so that the overall balance of an investment over a longer period of time is very likely to be positive.

What are passive ETFs?

Investments are made in a broadly diversified world market portfolio of passive index funds (exchange-traded funds) that are traded on the stock exchange. ETFs track the performance of a market index as closely as possible and also offer the opportunity to invest in an index without actually having to buy the assets contained therein, such as shares, individually. With ETFs, you can invest comfortably, cheaply and widely. At the same time, this is a flexible form of investment, because you can buy and sell your fund units at any time.

Financial Workshops

What amount should be budgeted for the FinMarie Financial Workshops?

The cost of the workshop depends on the length of the workshop chosen. All workshops are for a maximum of 20 participants including Online Tools & Documents, plus usual travel expenses for the speakers. We can offer workshop for a higher number of participants on request.

  • Two day workshops: approx. 5.000€ or Early Bird Price: 4.500€ (at least one month notice)*
  • Two hour workshop: approx. 800€ or Early Bird Price: 600€ (at least one month notice)*
  • Half-day-Workhops: 2.000€ or Early Bird Price: 1.700€ (at least one month notice)*

*all prices plus VAT

Are there shorter workshop formats to start?

Depending on the topic and level of knowledge of the participants, one or even two training days usually have the most effective impact, since they also offer the most scope for individual focus areas. Nonetheless, it is clear that it often takes a bit of convincing that this topic is worth the time that is invested by the organisation. That is why we also offer intensive half-day or even 2-hour formats. We would be happy to work with you to find a solution that fits your organisation and goals.

Our male colleagues could use the knowledge from the workshop too … are they allowed to participate?

We would be happy to create an agenda that includes an offer for both your male and female employees. The workshops for women are “women only” with a good reason and with a clear conscience – mansplaining and only subtle gender issues can be comfortably excluded. This gives your employees the freedom they need to approach the topic, which is still sensitive to many.

Are the workshops also offered online?

Yes, workshops can also be conducted online.

About fee-based Coaching

How much time should I plan to prepare for the meeting?

That depends on how much you have already thought about your goals and the information you have on hand. Most coachees report spending 2-4 hours on it. The same women also say that it was very rewarding: “Finally, I have complete transparency about what’s going on in terms of my money.”

Where and how do the financial coaching appointments take place?

The appointments take place either in person or via Zoom Video Call. In Berlin we are at three locations in Berlin-Charlottenburg, Wilmersdorf and Dahlem. Our clients also often appreciate our visit to their home.

In which locations does FinMarie provide coaching to clients?

We look after our customers in Berlin personally and throughout Europe via Zoom / telephone. The FinMarie team is often on the road and can therefore meet in person at other locations by agreement. On our event page you will find information about cities that we will be visiting.

How neutral is the coaching given by FinMarie?

As fee-based coaches, we have no interest in getting our customers to buy a product that we are tied to. In our work, we can afford to focus our advice exclusively on the individual needs of our customers. This ensures objective, meaningful consulting results that are solely in our clients’ interests.

Can I invest with FinMarie even though I only have US citizenship?

Unfortunately, at this stage, we cannot offer the investment solutions to US citizens only given US reporting requirements.

What is fee-based coaching?

It is financial coaching, for which you pay a fee and no commission, significantly reducing the risk of bias of the advisor.

Investing with FinMarie & Vividam

I live outside Germany, can I still invest?

Yes, but there is a trick. When completing the online application, enter a dummy number for the tax ID/number. Let us know once your account has been opened for a form to complete for the tax registration.

Do I have to decide between investing in Growney OR Vividam?

No, you can choose which investment option you prefer at any time, and you can also in both options should you wish, in any amount of your choosing, as long as the minimum investment requirements are met in both options. We would be happy to advise you if you would like assistance to decide which is appropriate for you.

What does ‘sustainable investing’ mean?

Sustainable Investing is the general term for sustainable, responsible, ethical, social, ecological investment and all other investment processes that include the influence of ESG (environment, social and governance) criteria in their financial analysis and selection.

“Impact Investment” – is that also sustainable?

Impact Investment is a sub-category of sustainable investment.
These are investments in companies, organisations and funds with the aim of having a social and / or ecological impact in addition to the financial return. Impact investments can be made in markets in both industrialised and developing countries. Impact investments are often project-specific and differ from the approach of philanthropy (in which no financial returns are expected).
At Vividam, special thematic funds (water, climate, renewable energies, etc.) are also part of the impact investment strategy.
Since the publication of the 17 UN SDGs (Sustainable Development Goals) in 2015, more and more investors have measured the impact against these 17 goals.

The fees for sustainable investments are higher than the ETF investments … why is that?

The fees of actively managed funds, which also include the Impact Funds, are usually always higher. Active sustainability research, includes critical discussions with companies, the involvement of experts and advisory boards etc., which increases costs. These costs are partly passed on to the funds.

Why do I have to provide my income and date of birth?

In accordance with the legal requirements, we are obliged to query your date of birth and your income.
This information is only required for opening the account.

My.FinMarie

Do I really have to move? I’m already too busy anyway and now something new!?

Yes, we understand. Sure, that wasn’t originally the idea, especially since Facebook is a kind of daily habit for many of us. Unfortunately, a Facebook group limits what we can do for you – and since we are really serious about it, we just have to find a new basis.

With the new system, we have really made it very easy and convenient to use it – after all, taking care of your financial future should become a convenient part of your everyday life.

In My.FinMarie we can offer you special sub-groups in which you can deepen certain topics without boring others.

There you can activate or deactivate email or mobile phone notifications, just as it suits you and your everyday life.

Try it out … who knows, maybe you will be pleasantly surprised!

Yay!! I’m really looking forward to “My.FinMarie”! Do I have to stay here in the Facebook group at all?

We are happy that you are happy!

In principle, today you can “pack” your things and pull them over. It’s really easy: just use this link and join My.FinMarie over there.

It will take a while until everything is really set up … until October 13th there is still a lot to do! :)) At the moment you can

Set up your account and profile (muuuuuuch sexier there, you will see!),
Load the app onto your smartphone (search for “Mighty Networks” then for “My.FinMarie”) and take a look around.
It’s really fast, all functions are basically self-explanatory.

A tip: To get started, it’s easier to leave the notifications on for now. So you will automatically know at the start when something new happens. You can always turn it off later.

Does this FB group then remain active in parallel? Or how is that planned?

So, as a first step we will archive this group over in My.FinMarie about 4 weeks after the start. We will then delete the group as a whole (because nothing more will happen here, but all the good conversations etc. will take place over on My.FinMarie).

Do you maybe change your mind?

Um … to be honest, that’s pretty unlikely.

Sure, maybe not everyone will want to come over. But maybe most of the current members will come with us – what would make us happy!

At the same time, we really thought about it pretty carefully beforehand and also talked to some of you beforehand about how we can make even more contributions in the future.

We find it so important to give you good support in building financial independence that the tools do not get in the way, but should make it as easy as possible.

If you don’t want to come along, that’s totally okay, everything is ultimately a matter of preference.

At the same time, we would be happy if you at least take a look. ???? Who knows, maybe you will be pleasantly surprised. ???? [My.FinMarie]

What are you most looking forward to when you move to My.FinMarie?

Ha! Finally someone is asking! :))

We are really looking forward to being able to create a world with you there in which we women support each other, in which you will find all the tools to not only think about your financial future, but to do something concrete about it.

With Mighty Networks we have a technical basis that ensures that everything works stably, quickly and elegantly from the outset – and we can fully concentrate on providing you with good content, tips and tools.

Are you there too? Then click here to become part of My.FinMarie.

What are the membership options?

We offer three membership options: BronzeMarie, SilverMarie and GoldMarie.

How high are the individual membership fees?

Standard (BronzeMarie) membership is free of charge. Members pay US$9.99 per month for the SilverMarie version and US$59.99 per month for the GoldMarie version.

Is there a free membership?

Our BronzeMarie membership is free of charge.

Do I have to enter my real first and last name?

In order to be able to offer you a trustworthy platform, the information must correspond to your actual data.

Can I invite my friends to My.FinMarie.com?

Please do, and we would encourage you to do so! Feel free to simply invite your friends and acquaintances using the invitation function. We look forward to seeing new members.

Is there a Mighty Networks app available?

Yes. The app is available for both iOS and Android.

Will my information, comments or questions be used outside of the community?

No. Everything that happens in the My.FinMarie Community stays in the My.FinMarie Community.