August 2024 Product Update

Finary continues to grow rapidly, setting new records since the beginning of the year. In August, our team focused on improving existing features and preparing for the months ahead. Let me take you under the hood of Finary and explain what's changed!

A revamped roadmap

Our mission at Finary has always remained the same since day one: to break down the barriers preventing the French from investing. Since 2020, my co-founder Julien and I have had a very clear vision to achieve this. We want to build the best platform for tracking your money, managing your budget, investing, and educating yourself. 

From the start, we’ve developed our roadmap together with you, our community. Our public roadmap is a commitment to transparency, allowing every member to contribute to its development. The team took advantage of the summer to conduct a thorough review of all planned projects. We draw our inspiration from two key sources:

• our vision for Finary
• community topics with over 150 votes

Regarding our vision, we plan to add all investment products and wrappers for investors. This includes Finary Life insurance, PER, investment accounts, PEA, and much more. We're laying the groundwork for Finary to become a major player.

At the same time, we're continuing to heavily invest in wealth tracking and budget management. For prioritization, we based our decisions on community votes and technical complexity. Our roadmap will be regularly updated to reflect the latest changes.

Finary One, or the reinvention of Wealth Management

Finary was born out of two problems I encountered. First, I didn’t have a tool to track my investments. Second, the support provided by financial advisors was overly commercial and outdated, far from what I expected. My friend (and future co-founder) Julien shared the same view. In 2020, we set out to create the best platform for tracking, managing, and investing in your wealth. Today, 350,000 investors like you use Finary.

Now, we are addressing the second problem by revolutionizing private wealth management. Introducing Finary One: a fully personalized, all-in-one service. This is the offer I dreamed of when I first created Finary. It covers all the needs of an investor*:

• Defining investment goals
• Wealth analysis
• Personalized recommendations
• Financial and tax optimization

I needed a banker who shared our values to lead Finary One, and I found that in Corentin Hué. He's a former private banker at Oddo and tax specialist in a family office, he will bring his expertise, along with his team, to serve Finary’s clients. The feedback from our first clients has been excellent. Due to high demand, we’ve introduced a waitlist, with Finary Premium clients receiving priority.

Finary One is available to investors with at least €250,000 in investable assets.

Lower fees, better performance

The fee scanner is one of our most popular features. Launched in 2021, it has helped hundreds of thousands of members save significantly. Until now, the scanner only covered underlying assets (actively managed funds, ETFs, SCPIs). However, that’s only half the equation: wrapper fees are often significant and can negatively impact your performance.

Thanks to the combined efforts of the community and our teams, we now display fees for hundreds of life insurance contracts. For the first time, all fees are listed. As insurers tend to be creative with these, you'll find over 10 different types. We're also able to differentiate between self-directed and managed options.

Even better: we project the overall impact of the fees on your contract and the assets you hold. You’ll now know exactly how much you could save by optimizing your fees. No more tall tales from your banker. We're already planning to extend this coverage to other investment wrappers.

Security first

The security of your data is our top priority. We continuously invest in improving this essential aspect of Finary through audits and bug bounty programs.

To give you even more control, you can now check which devices (computers or phones) are connected to your account. All of these devices can be disconnected with a single click from your account settings. This new feature is only available on web. App version is coming soon.

As a reminder, you can also take additional steps to secure your account:

• activate two-step authentication on the app or web (highly recommended)
• enable Face ID on mobile
• set a strong password

Small Improvements

• Web – Added the ability to create and edit a crypto savings plan.
• App – Improved visibility of the crypto savings plan with the addition of a dedicated section.

☝️ Join the adventure!

The Finary team keeps growing! We are currently hiring for multiple positions, including:

• Wealth Advisor
• Wealth Advisor (internship)
• Senior Product Manager
• Customer Experience Specialist
• Et d'autres postes

Feel free to apply or forward the job descriptions to your friends!

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Finally, don't forget to unlock the full power of Finary with Finary Plus.

No more time lost every week on spreadsheets. No more complex calculations and headaches to understand the hidden fees behind your investments. Get everything Finary has to offer for a flat fee.

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*Investir en crypto et via yield représente des risques, voir nos CGU pour plus de détails