Category: Europe

A battle is lost, war is not over

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The asset management lobby just won one more battle in France. The transfer of life insurances between insurers still won’t happen… for now.

You probably missed it completely, but a few days ago a battle of the highest importance for French investors and the French economy took place. It was short, it was brutal.

Indeed, last Thursday, two brave MPs, Amélie de Montchalin and Joël Giraud, proposed, finally, to allow, finally, French life insurance plans to be transferable.

I do know what you think now: “Wwoooo… This post is going to be so boring…“

Think again ! On the contrary, it is of upmost importance for French and worldwide investors to read this as a reminder of what is currently at stake and why we fight !

Continue reading A battle is lost, war is not over

The end of French two sided politics

Everyone in France (and outside) now has to rethink its political affiliation in three dimensions.

 

After the victory of Emmanuel Macron, and the constant, tiring tension that came along, I feel the need to talk a little about French Politics.

Indeed, after listening to the mumblings “from the left” arguing that he is the evil servant of big corporations and banks,  “from the right” that he is an evil left-wing, family destructing, void of beliefs politician, and finally the screams of both sides (for once agreeing on something) angering  about the pretended lack of representativeness of his election, I do feel the need to square things up a little about French politics and by extension many others democracies politics.

So here it is in short :

Can everyone stop, one and for all, talking about “left” and “right” in politics. This has absolutely no meaning.

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The French client of roboadvisors aka the “five-legged sheep”.

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In French language “rechercher le mouton à cinq pattes” ( lit. “searching for the five-legged sheep” ) is an idiom meaning searching for something that probably does not exist.

I would like to tell that I actually found what I was looking for, the client of a French roboadvisor, but I still haven’t.

It has been two years since roboadvisors got in France. I work in financial advise and asset management and meet regularly their potential clients. I am, as far as I know, in their theoretical target, as well as many of my friends and relatives. I often attend conference on the subject and exchange with participants…

But no. Still nothing. Still no client met. Impossible to find one. Neither from Yomoni, Advize, FundShop, MarieQuantier, WeSave… No a single one*. Yomoni was claiming around 1.500 clients at year end 2016, which seems good, but those 1.500 people seem to never bump into me.

*(to be honest I finally met one after publishing this post).

Continue reading The French client of roboadvisors aka the “five-legged sheep”.