• BAWAG P.S.K. acquires 49% of Finventum GmbH – the creator of Savity
  • easybank offering its customers access to portfolio management of Savity
  • Savity: Professional wealth management starting at € 10,000 for easybank customers

VIENNA, Austria - June 19, 2019 – BAWAG P.S.K. acquires a 49% stake in Fintech Finventum GmbH, the creator of Savity Vermögensverwaltung GmbH (Savity). easybank has started a partnership with Savity to offer access to Savity’s services to easybank customers. The Savity service will provide easybank customers access to professional wealth management at initial investment levels of € 10,000.

By partnering with Savity, we are able to bring wealth management to everyday customers in a digital way with very attractive conditions. The service gives customers access to investment opportunities whereby a seasoned investment expert handles the customers’ investments for them. We feel confident that the experienced team and unique product offering Savity brings to the table is a perfect fit with the values of easybank and BAWAG Group”, explains Sat Shah, member of the Managing Board of BAWAG Group and CEO of easybank.

Karin Kisling, Managing Director of Savity: "easybank’s innovative mindset and leading positioning in the direct banking market made them our ideal partner. We are very proud and pleased to be able to offer our services to the customers of easybank. Savity provides the access to assets that usually are not accessible to individuals and allows customers to choose an investment option that is fully aligned with their values.”

easybank to offer access to Savity’s wealth management services to its customers in a simplified sign-up process

According to OeNB, around € 177 billion (as of the end of 2018) of financial assets in Austria are held in cash and deposits. Given the current low interest rate environment coupled with higher inflation rates, there is an inherent real loss in value for customers. Robo-advisory is a promising product that provides customers with alternative ways to invest their savings. Before Robo-advisory, these types of services were provided by private wealth managers that charged relatively high fees and only accepted clients with a high net-worth. With modern technology, robo-advisors such as Savity are making it affordable and more obtainable for our customers to have access to professional wealth management. easybank will be the first company within the BAWAG Group to launch this service partnership with Savity. The minimum amount to be invested at Savity is € 10,000. The fee for the entire range of services is fixed at only 0.99% of the invested amount per year. This fee includes asset management, all securities transactions, account and custody management as well as final taxation for Austrian private customers.

Step by step to individual tailor-made asset management

Savity takes a customer’s investment experience, income and wealth situation, risk tolerance, and investment horizon into consideration and develops a free personalized investment suggestion (Anlagevorschlag) from that knowledge. A unique feature that Savity offers vs. other robo-advisors is the opportunity for customers to choose an investment option that is aligned with their values and needs. Customers can choose three different unique investment strategies: “Savity Legends”, “Savity Classic” and “Savity Green”. “Savity Legends” allows customers with a more active approach to follow an investment strategy that is aligned with legendary investors. “Savity Classic” is a traditional and diversified portfolio which invests funds in a diversified strategy utilizing cost-effective exchange-traded funds (ETFs). “Savity Green” only invests customers’ money into ecologically, socially and governmentally (ESG) sustainable businesses and sectors. Once the customer reviews the investment suggestion from Savity and decides on which strategy to pursue they then will sign the offer and the account and custody account are opened - the entire sign-up process is 100% digital. After an account is created the customer transfers the funds into the clearing account. From there on Savity will ensure that the customer’s money is efficiently invested based on the chosen strategy. Savity informs easybank of whichsecurities to buy and easybank executes the orders and holds the securities for the customer safely and securely.

Active account management

Fluctuations in the market always happen, and sometimes customers are too busy to constantly be checking ongoing market developments. One of the main benefits to putting your money with a wealth manager is that their team of experts are constantly monitoring the market – managing their clients’ risk and optimizing their portfolios. When market conditions change drastically, or new opportunities arise, Savity will adjust the customers’ portfolios accordingly.

Legal notice

The information does not constitute an offer, investment advice or recommendation to buy or sell. Depending on their product-specific design, financial instruments exhibit different levels of investment risk.


Manfred Rapolter (Head of Communications, Spokesperson)
Tel: +43 (0) 5 99 05-31210

Henriette Mußnig
(Press Officer) 
Tel: +43 (0) 5 99 05-32086

Doris Unterrainer
(Communications Specialist)
Tel: +43 (0) 5 99 05-32084

Press release (PDF)