Savings and investments: a portfolio built around you

We do not start from a product to sell, but from your real goals and the risk you can actually sustain. Everything else — funds, mandates, a securities account — is the toolkit, not the starting point.

In short

  • We build a diversified portfolio choosing from four containers: funds, discretionary mandates, insurance-linked investments and a securities account.
  • Cash left idle loses purchasing power every year; capital invested consistently over time works even when you are not thinking about it.
  • Your risk profile is built around your goals and horizon, not a standard questionnaire filled in once.
  • We monitor the portfolio over time and rebalance it when market conditions or your personal situation change.

Why is idle cash not a neutral choice?

Leaving savings sitting in a current account feels like the safest choice, but it is not: inflation erodes purchasing power year after year, quietly but continuously. Not investing is not "doing nothing" — it is an active choice, with a real cost that never shows up on any statement.

The point is not taking on needless risk, but giving your savings a goal and a horizon, so you choose the right tool for that horizon instead of leaving everything idle out of habit.

What instruments do we use to build the portfolio?

We work with four containers, often combined. Mutual funds let you diversify across many securities with a single contribution. Discretionary mandates hand the construction and review of the portfolio to a professional manager, following predefined investment lines. Insurance-linked investments combine an investment component with protection, useful from a succession standpoint. A securities account gathers individually chosen ETFs, shares and bonds, for those who want more direct control.

The right combination depends on your goals, your horizon and how much delegation you want in day-to-day management.

How is risk managed over time?

A well-built portfolio is not static: risk needs ongoing monitoring, not a decision set once and forgotten. Markets change, your horizon shortens as years pass, and your personal situation evolves. This is why risk control is a process, not a one-off event at the moment you sign up.

Who it is for

When is it worth reviewing your savings?

These are the situations in which it is worth stopping to look at the whole picture.

Cash idle for years

There is a sum in your current account that is not needed for day-to-day management, and nobody has ever put it to work.

It's your first investment

You want to start but do not know where to begin, or what level of risk genuinely suits you.

Your wealth is spread out

You hold positions with several intermediaries and nobody has ever seen the whole picture of risk and cost.

You have received a significant sum

An inheritance, a payout, the sale of a property: a decision that deserves more time than an ordinary transfer.

What changes in practice

Four principles we build the portfolio on

4 The containers we choose from: funds, discretionary mandates, insurance-linked investments, securities account
2% The ECB's medium-term inflation target: the minimum return needed to avoid losing purchasing power
1 The cost structure: transparent and proportionate to the service, not hidden in implicit fees
ongoing Risk control: a constant process, not a decision made once and forgotten
How we work

From profile to portfolio, in five steps

  1. 01

    We analyse your current situation

    What you already hold, including elsewhere, and what goals you want to reach.

  2. 02

    We define your risk profile

    Horizon, overall financial situation and real tolerance for fluctuations, not a standard questionnaire.

  3. 03

    We build the allocation

    The combination of containers and instruments consistent with your goals and horizon.

  4. 04

    We select the instruments

    Funds, mandates or specific securities, with a clear cost structure from the outset.

  5. 05

    We rebalance over time

    Periodic reviews to keep the portfolio consistent with goals and changing markets.

The mistakes we see most often

Three ways a portfolio goes wrong

Looking at return and ignoring risk

An instrument that promises a lot, without checking how much it can swing, often leads to exiting at the worst moment, exactly when the market falls.

Concentration on a single issuer

A position that is too large in a single security, sector or market exposes you to a specific risk that diversification exists precisely to reduce.

Entering and exiting on the news

Deciding on the wave of the latest headline, instead of on a strategy set in advance, is the most common cause of results below the market's own.

What is your money sitting idle really worth, over time? Our simulator shows the effect of compound interest and inflation on your capital, across different horizons and amounts.
Go to the simulator →
Frequently asked questions

What we are asked most often

You do not need a large capital to start: you can begin with a lump sum or with modest, regular contributions. What really matters is building a strategy consistent with the goal and the time you have available, more than the starting amount.
It depends on three things we assess together: the time horizon of the goal, your overall financial situation and your real psychological tolerance for fluctuations. A correct risk profile is not the one that promises the highest return, but the one you can stick with even in difficult market periods without exiting at the wrong moment.
Yes. Transferring securities and funds from another intermediary is a standard procedure that we manage together with you. Before the transfer we analyse what you already hold, to understand what to keep, what to replace and how to integrate it into a single strategy rather than leaving it disconnected from the rest of your wealth.
The cost structure is explained to you transparently before every choice, and it is proportionate to the instruments and service selected. We avoid making our fee depend on a single product: the goal is a strategy that holds your whole wealth together, not the sale of one isolated instrument.
Most of the instruments we use can be liquidated quickly, although selling before the planned horizon can mean doing so at an unfavourable moment for the market. That is why, when building the portfolio, we always set aside a share of liquidity dedicated to the unexpected, separate from the capital invested towards medium- to long-term goals.

Didn't find your question? Write to us directly — we answer personally.

Read more

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How to start investing even with small amounts

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Achieving your goals with a savings plan

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All services for individuals

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Your contacts for savings and investments

Giuliano De Sandi Giulio Salvador
Contact

Let's talk over a coffee

The first meeting is about getting to know each other, with no commitment. Write to us or stop by our office in Vittorio Veneto.

Office
Via delle Terme 2, 31029 Vittorio Veneto (TV), Italy
Phone
+39 327 558 4213
Email
vittorioveneto.p13@allianzbankfa.it
Opening hours
9:30 – 12:30
15:00 – 18:30