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FinTechs belonging to this category offer asset and portfolio management services via an internet platform or software programs and usually manage and dispose of the assets of their customers long or short term according to their specifications without actually holding the property or the possession of those assets. FinTechs, which provide information about and access to overnight or time deposit accounts at national and foreign banks and which execute the transactions to these accounts, also belong to this category. Some FinTechs however only act on request of the customer.
Aside from that some FinTechs offer software or internet solutions enabling users to manage and plan their personal finances on their own by providing graphics, overviews and compilations of their financial data and sometimes indicating financial risks or opportunities, but without actually managing the assets.
Introduction
Attitude of the country towards modern asset and portfolio management services
Asset and portfolio management services in Slovenia are predominantly provided through collective investment undertakings for investments in transferable securities (mutual and umbrella funds) and through alternative investment funds that raise capital from the public (alternative investment fund, alternative umbrella fund and investment company) or are intended for professional investors. While FinTech innovation in banking and payment services is well developed, FinTech asset management in Slovenia remains at a relatively early stage of development. It primarily takes the form of digital extensions of traditional wealth management services, while fully fledged independent robo-advisory platforms and algorithm-driven investment solutions are not yet widespread. The regulatory environment does not impose explicit barriers to the development of robo-advisory or other digital wealth management models.
Legal affairs
Obligations and requirements to provide asset and portfolio management, or ancillary services described above
The Securities Market Agency issues operating licenses or changes of legal status of asset management companies, alternative investment fund managers, mutual funds, alternative investment funds and mutual pension funds. Mutual and umbrella funds in Slovenia are primarily regulated under the Investment Funds and Management Companies Act (ZISDU-3), which transposes the EU UCITS Directive (2009/65/EC) into national law. Alternative investment funds are governed by the Alternative Investment Fund Managers Act (ZUAIS), aligning with the AIFMD (2011/61/EU) framework. Pension funds and savings schemes are regulated under the Pension and Disability Insurance Act (ZPIZ-2) and the Collective Supplementary Pension Insurance Act (ZKDPZJU), ensuring compliance with EU pension fund rules and local supervisory standards.
Additional comments regarding the legal situation for asset and portfolio management services or what FinTech’s must be aware of in this business area
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Economic conditions
Market size for asset and portfolio management services and biggest companies in this business area