Name
Global FinTech Guide
Country _ Name
Slovenia
SectionTitle
Financial advisory and broking services including robo advisory and auto-trading
Body
FinTechs belonging to this category offer advisory and broking services for investments usually via an internet platform.

Robo advisory services usually offer an investment proposition following a series of questions concerning the personal financial background and the risk-bearing capacity of the user. Sometimes the respective platform also enables the user to directly execute the proposed investment. 

Auto-trading concerns all services which automatically trade on behalf of the customer according to his or her specifications.

Apart from that some FinTechs collect and offer merely or as an ancillary service market information or operate comparison portals to increase the transparency of the capital markets and to help the investor with his decision-making. 

There are also FinTech-advertising-services which advertise various financial services or products.

Introduction

Attitude of the country towards modern financial advisory and broking services

Modern financial advisory services are becoming increasingly popular in Slovenia, especially among younger people. There are no significant political or social reservations towards this kind of services.

Legal affairs

Obligations and requirements to provide financial advisory and broking services, or ancillary services described above

Financial advisory and broking services including robo advisory and auto-trading are considered      investment services and activities which can be provided in Slovenia only by:
  • brokerage companies (borznoposredniške družbe) to which the Slovenian Securities Market Agency has issued authorisation for the provision of investment services and activities;
  • banks to which the Bank of Slovenia has issued authorisation for the provision of investment services and activities; 
  • investment firms established in an EU member state (which are not a bank or a special financial institution) and established a branch in the Republic of Slovenia or are entitled to provide investment services and activities directly; 
  • investment firms established outside of the EU that are not a bank and obtain the permission of the Slovenian Securities Market Agency to establish a branch in the Republic of Slovenia;
  • banks or special financial institutions established in EU member states which establish a branch in the Republic of Slovenia or are entitled to provide investment services and activities in Slovenia directly;
  • banks established outside of the EU which obtain the permission of the Bank of Slovenia to establish a branch in Slovenia and are entitled to provide investment services and transactions; and 
  • management companies to which the Slovenian Securities Market Agency has issued authorisation for the provision of management services and ancillary services.
The minimum amount of the initial capital of a brokerage company is EUR 730,000. The banks providing investment services and activities are subject to capital requirements from Banking Act and other applicable rules. The minimum amount of the bank's initial capital is EUR 5,000,000. The bank must ensure that it always has adequate capital to cover capital requirements.

Additional comments regarding the legal situation for financial advisory and broking services, or adjacent services or what FinTech’s must be aware of in this business area

N/A.
 

Economic conditions

Market size for financial advisory and broking services as well as adjacent services and biggest companies in this business area

Financial advisory and brokering services are mostly performed by banks in Slovenia. 

Additional comments regarding the economic situation for financial advisory and broking ser

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