WHO WE ARE
Asteer delivers investment consulting services in the financial markets and is located in Avenida da Liberdade n. 110, 2nd floor, Lisbon, Portugal
Asteer received authorization from Comissão Mercados e Valores Mobiliários (CMVM), the market regulator, to exercise investment consulting services. Authorization number is 372, granted in 2016.
Asteer provides an independent and personalized consulting service, based on the qualifications and expertise of its consultants. The service is based on each client's risk profile and other specific factors such as investment preferences, investment experience, financial situation, age, performance expectations and preferred time horizon.
MISSION
Help clients build and manage their portfolios of financial assets according to their risk profile, performance expectations and preferred time horizon for the investments.
Teaming up with clients and helping them achieve higher levels of knowledge on financial markets and instruments. This will allow clients to make the best investment decisions, bearing in mind the opportunities and risks involved.
REGULATORY FRAME
Asteer, its board members and employees are subject to the prudencial, transparency and independency rules established in Código dos Valores Mobiliários (CVM) and are also subject to regulation and supervision from Comissão dos Mercados e Valores Mobiliários (CMVM).
Asteer is subject to the implementation and observation of the policies imposed by the market regulator, including the observation of secrecy on business relationships.
TEAM
ANDRÉ DA CUNHA
Founding partner and Finantial Consultant
LOURENÇO DA CUNHA
Manager and Compliance Officer
OBJECTIVES
AN INDEPENDENT APPROACH
Risk profile and
unpatterned approach
Asteer was created to become a totally independent financial company.
Asteer will not give advice in connection to any bank or any product issuer's economical interest. Instead, it will base the advice on the merits of the specific investment and on client's interest and financial objectives. Asteer will do so in an independent way and will choose the most appropriate available instruments to each client.
Asteer does not receive inducements or any form of economical incentives from financial institutions and/or financial product creators/issuers. For example, Asteer does not receive any form of kick-backs on investment funds or any profit sharing from banking/credit fees charged by entities where clients book their assets.
ASTEER's only source of income are the consultancy fees agreed and received directly from each client.
Asteer does not request power of attorney on bank accounts subject to the consultancy services. This means that Asteer will not place orders on behalf of the clients; it is up to the clients to transmit the orders directly to the bank, following the advice of Asteer.
Asteer classifies its clients according to their risk profile. The risk profile will be given on the basis of a financial and suitability questionnaire.
Asteer will assure that any suggestion on financial investments is suitable to each client's risk profile. However, clients with same risk profile may have totally different investment portfolios; in fact each client's portfolio will reflect the circumstances, expectations and needs of that specific client.
Asteer develops and promotes an unpatterned consultancy service, which aims to build the portfolios based on each client's individual objectives and risk profile at any point in time. It is therefore a taylor made approach, client by client. This model differs from many financial institutions where clients with same risk profile end having exactly the same patterned portfolios, at times receiving what they do not want or need.
One of the founding reasons behind Asteer'S creation was to take into account this element of subjectiveness, which plays an important role in portfolio construction and seems to be forgotten by many market players.
ASTEER TARGET MARKET?
Asteer provides consultancy services to individuals or companies, qualified investors* or non- qualified investors, who own a minimum of 500,000€ in a portfolio of financial instruments (cash deposits and financial instruments) and can tolerate price swings of their financial assets in time.
*Definition of qualified investor according to Article 30 from Codigo Valores Mobiliários, qualifies investors are:
Credit Institutions | Investment Companies | Insurance companies | Collectives Schemes investment companies and Managing Entities | Pension Funds and their respective Managing Entities | Other financial institutions authorised or regulated, including credit funds and their managing entities, other financial companies predicted in the law, credit companies, venture capital companies, venture capital funds and their managing entities | Financial entities owned by countries outside of the European Union and that execute similar activities to the ones mentioned above | Entities dealing with financial instruments based on commodities | Local and national Public entities, central banks and public organizations that manage public debt, supra-national or international entities such as EIB, ECB, IMF and WB | Entities that provide investment services, or execute investment activity that include operating on the derivative markets on their behalf, with the aim of covering existing positions or price making on behalf of other market players, and where there is a regulated entity that enforces the execution of the agreements by the members of that market. | Companies that satisfy at least 2 of the following criteria: Capital 2mio €; Total Assets 20 mio €; sales 40 mio € | Entities that were considered as Qualified Investors under the Art 317, B | Other entities considered as qualified by CMVM and its regulations.
PRICING
Asteer charges each client an annual percentage consultancy commission on the assets under advice. Alternatively, Asteer charges a fixed annual commission negotiated with the client.
Asteer does not charge performance fees.
Asteer charges clients on a quarterly basis.
Portuguese VAT adds to the agreed fees for residents in the EU.
HOW TO BECOME A CLIENT?
Contact between client and Asteer'S consultant.
Verification of suitability of the service considering client's needs and specifics.
GETTING TO
KNOW YOU
Answering the financial and suitability questionnaire.
Propose a risk profile.
Agree with client on the risk profile.
Informing client on the asset mix and restrictions of agreed risk profile.
RISK
PROFILE
ASSESSMENT
Agree on pricing.
Sign the consultancy agreement.
Define with client access to information on the bank/s account/s under the agreement.
Execute the Consultancy Agreement
How is the consultancy
service provided?
Asteer accesses periodic information on the portfolios (client provides or bank/s provide).
Asteer sends periodical investment suggestions to the portfolio (email to client).
BanK
information
and advisory
Client agrees with suggestions and gives the orders directly to the bank for execution.
Client does not agree with suggestions.
Idea implementation
Asteer produces a report each semester which includes all advisory activity, portfolio value and summary of charged commissions during that period. Report is sent to client.
Client evaluates report for that period and gives feed back.
Periodical reporting