ISEC

Aspect	Information
Company Name	ISEC Wealth Management Ltd.
Headquarters	254 Arch. Leontiou А, Maximos Court, Block B, 6th floor, 3020-Limassol, Cyprus
Tied Agent	ISEC WM Magyarország Kft., Capital Square, Tower 3, 6th floor, Vaci ut 76, 1133-Budapest, Hungary
Regulatory Compliance	Operating outside the scope of its CySEC (Cyprus Securities and Exchange Commission) license (license number: 356/18).
Trading Software	Lacks trading software, which is typically offered by legitimate and regulated brokers.
Services	Actively Managed Investments Separate Account Ownership Prepaid Payment Card High Liquidity Portfolio Margin Online Access Personalized Services No Upfront Fees Independence and Segregated Funds
Minimum Initial Investment	$1,000 USD or EUR for individual clients, $10,000 USD or EUR for corporate clients
Funding Methods	Bank wire transfer
Fees Structure	- Account Opening Fee: €0 - Exit Fee: €0 - Success Fee: Charged only when returns are generated on investments. Specific details may vary. Fees exclude 19% VAT.
Customer Support	Cyprus Headquarters: Phone, Email, Website - Hungary Tied Agent: Phone, Email, Website
Educational Resources	Limited information about educational resources.

Overview

EC Wealth Management Ltd. is a financial company headquartered at 254 Arch. Leontiou А, Maximos Court, Block B, 6th floor, 3020-Limassol, Cyprus, with a tied agent in Budapest, Hungary. However, it operates outside the scope of its CySEC (Cyprus Securities and Exchange Commission) license (license number: 356/18), which has raised regulatory concerns. Notably, the company lacks trading software, a feature commonly provided by legitimate and regulated brokers.

ISEC offers a range of services, including actively managed investments, separate account ownership, prepaid payment cards, high liquidity portfolios, and personalized services. The company requires a minimum initial investment of $1,000 USD or EUR for individual clients and $10,000 USD or EUR for corporate clients. Funding methods are limited to bank wire transfers.

Regarding fees, ISEC charges no account opening or exit fees. Instead, it operates on a success fee model, with fees being levied only when returns are generated on investments. It's worth noting that fees exclude 19% VAT, which may apply to EU residents.

The account opening process involves various steps, including completing an investment profile questionnaire, providing personal and legal documentation, identity and source of funds verification, address verification, and adherence to eligibility criteria based on specific countries.

Customer support is available through the company's Cyprus headquarters and the tied agent in Hungary, with contact options including phone, email, and their respective websites. However, there is limited information available about educational resources, and interested individuals are encouraged to inquire directly with the company for further details.

Regulation

ISEC is operating outside the scope of its CySEC (Cyprus Securities and Exchange Commission) license (license number: 356/18). This raises concerns about its regulatory compliance. Additionally, it is noted that the broker lacks trading software, which is typically offered by legitimate and regulated brokers. Potential clients should exercise caution and conduct thorough research before engaging with this broker, as it may not be adhering to regulatory requirements. Verification of its regulatory status with CySEC or relevant authorities is advisable.

Pros and Cons

ISEC Wealth Management offers several advantages, including actively managed investments, separate account ownership, prepaid payment cards for quick access, and a focus on high liquidity. Clients benefit from online access for real-time tracking, personalized services, and the absence of upfront fees. The company emphasizes independence and the segregation of funds. However, there are notable regulatory concerns as ISEC operates beyond the scope of its CySEC license, and it lacks trading software. Additionally, the availability of educational resources is limited. Clients should exercise caution and conduct thorough research before considering ISEC's services.

Pros	Cons
Actively Managed Investments	Regulatory Concerns: Operates outside the scope of its CySEC license
Separate Account Ownership	Lack of Trading Software
Prepaid Payment Card for Quick Access	Limited Educational Resources
High Liquidity for Easy Fund Access
Portfolio Margin for Eligible Clients
Online Access for Real-Time Tracking
Personalized Services
No Upfront Fees
Independence and Segregated Funds

Services

ISEC offers a comprehensive and technology-enabled solution for individuals looking to manage their investments with ease. Here are the key features and services provided by ISEC's separately managed account:

1. Actively Managed: ISEC's team of seasoned professionals actively manages your investments, allowing you to sit back and relax while your money works for you.

2. Separate Account: Your funds are not pooled or mixed with other investments. You have full ownership and control over your funds.

3. Linked Card: ISEC provides you with a prepaid payment card, ensuring quick access to your funds when needed.

4. Instant Liquidity: Your portfolio is built on highly liquid assets, allowing you to access your funds at any time without incurring withdrawal penalties.

5. Portfolio Margin: Portfolio Margin may be available to professional clients or eligible counterparties upon request, providing flexibility in managing your investments.

6. Online Access: You can conveniently track and monitor your investments in real-time through the ISEC account management platform.

7. Personalized: The services are tailored to your personal financial needs and goals, ensuring a customized investment approach.

8. Instant Access: You can access your funds quickly, thanks to the prepaid payment card and the emphasis on liquidity.

9. No Upfront Fees: ISEC offers fee transparency, with no account opening or exit fees. They charge a success fee only when they generate returns on your investments.

10. Independence: ISEC operates as an independent financial institution, ensuring that your funds remain segregated and are not used for other purposes, unlike traditional banks.

ISEC's separately managed account offers a convenient and secure way to invest, with a focus on customization, active management, and quick access to your funds. Clients can open an account with no upfront fees, and fees are charged only based on successful investment outcomes.

Fees

ISEC's fee structure for opening and maintaining an account is as follows:

Account Opening Fee: €0 (There is no fee for opening an account with ISEC).

Exit Fee: €0 (There is no fee for closing or exiting your account with ISEC).

It's important to note that these fees are explicitly mentioned as €0, indicating that there are no upfront charges for clients to start investing with ISEC. Instead of charging traditional account opening and exit fees, ISEC operates on a different fee model:

Success Fee: ISEC charges a success fee, but only when they generate returns on your investments. This means that you will only be charged a fee when your investments perform well and make you money. The specific details of the success fee, including its percentage or how it is calculated, may vary and should be disclosed in the terms and conditions or investment agreement provided by ISEC.

Additionally, the statement mentions that fees exclude 19% VAT (Value Added Tax), and the company does not charge VAT on customers who are not residents of the EU (European Union). This suggests that VAT may apply to EU residents, but non-EU residents are exempt from this tax.

For a more detailed understanding of ISEC's pricing structure, it is recommended to refer to their official documentation or website, where you can find specific information about the success fee and any other potential charges associated with their services.

How to open an account？

Opening an investment account with ISEC involves several steps. Here's a description of how to open an account:

1. Access the Account Opening Page: You can initiate the account opening process by visiting ISEC's website and clicking on the “Open an account” button located at the top of the page. Alternatively, you can begin the process by using their goal-based plan builder tool.

2. Complete the Investment Profile Questionnaire: The first step in the account opening process is to complete an investment profile questionnaire. This questionnaire is designed to assess your financial goals, risk tolerance, and investment preferences. Your answers will help determine the most suitable investment strategy for you.

3. Provide Personal Information: After completing the questionnaire, you will need to provide your personal information. This can be done by filling out a form on the website or through a video call with an ISEC representative. This step is crucial for account setup and customization.

4. Legal Documents: You will be required to go through a third part of the process, which involves legal documentation between you and the company. This typically includes agreements and contracts that outline the terms and conditions of your investment account.

5. Identity Verification: To verify your identity, you will need to provide a colored copy of one or more identification documents. Acceptable documents typically include your Passport, National ID, or Government-issued ID. This step ensures that ISEC complies with regulatory requirements and confirms your identity.

6. Source of Funds Verification: You may be asked to verify the source of your funds. This is a standard procedure to prevent money laundering and ensure compliance with financial regulations. You can typically provide documents such as your yearly tax declaration, payroll receipts, bank statements (showing more than 6 months of transactions), contracts for the sale of property, or insurance compensation receipts.

7. Address Verification: To verify your address, you will need to provide documents such as a recent utility bill (gas, electricity, or landline phone) that is no older than 6 months. Bank account or credit card statements may also be accepted under certain conditions. The document must be in your name and clearly display your name and address.

8. Eligible Countries: It's important to note that ISEC's services are provided to residents of specific countries. The list of eligible countries typically includes Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.

Please keep in mind that the account opening process and requirements may evolve over time, so it's advisable to refer to ISEC's official website or contact their customer support for the most up-to-date and detailed information on how to open an account with them.

Deposit & Withdrawal

ISEC provides information about payments and funding your account with the following details:

1. Minimum Initial Investment: The minimum amount required to open an account with ISEC is $1,000 USD or EUR for individual clients and $10,000 USD or EUR for corporate clients.

2. Payment Methods: To fund your account, you can use a bank wire transfer. Once your account is approved, ISEC will provide you with the necessary bank details for the relevant bank transfer.

3. Restrictions on Funds Deposited: ISEC has restrictions in place to ensure the security and legality of funds. They do not accept payments from third parties, and bank wires must be sent from a bank account under your name. There is no specified limit on the amount you can deposit into your account.

4. Confirmation of Deposit: Once your funds are successfully transferred to ISEC's company account, which usually takes about 1-3 working days, their back-office team will notify you via email. You will also be able to log in to your online member area on their website to view the funds in your account.

5. Taxation of Profits: ISEC advises that tax procedures and obligations vary by government and country. They recommend that you contact the relevant government tax office in your domicile or country to understand your tax responsibilities related to any profits generated through your investments with them. ISEC does not provide specific tax advice.

In summary, ISEC primarily accepts funding through bank wire transfers and has specific guidelines regarding the source of funds to ensure compliance with regulations. They emphasize the importance of understanding your tax obligations, which can vary based on your location and jurisdiction, and recommend seeking guidance from your government's tax authorities for specific tax-related inquiries.

Investment & Portfolio

ISEC Wealth Management offers a range of investment and portfolio-related services. Here are the key aspects of their investment and portfolio offerings:

Types of Investments:

• ISEC primarily offers discretionary portfolio management services tailored to your economic profile.

• They diversify your portfolio using a mix of financial instruments, including Exchange-Traded Funds (ETFs), stocks, and shares.

High Liquidity:

• ISEC emphasizes the importance of high liquidity in your portfolio. Liquidity refers to how quickly assets can be bought or sold in the market without significantly affecting their prices.

• High liquidity means that you can easily convert your investments into cash when needed, which can be especially important for investors who require flexibility in managing their funds.

Portfolio Performance:

• You can monitor the performance of your portfolio by logging into your account anytime. ISEC provides detailed statistics and performance data to help you track how your investments are performing.

Investment Decision-Making:

• ISEC's investment decisions are based on mathematical models and quantitative analysis.

• Market data serves as the foundation for their mathematical models, which define asset classes and guide the selection of investment instruments.

• The choice of assets and instruments is influenced by your investor profile and risk tolerance. For example, if you have a conservative profile, the portfolio construction will reflect this preference.

Risk and Reward:

• ISEC explains the concept that risk and reward are connected in investing. Generally, taking on more risk can lead to the potential for higher rewards, but it also increases the potential for losses.

• They acknowledge that different types of investments carry varying levels of risk, and the portfolio aims to strike a balance between risk and potential return based on your profile and goals.

Rebalancing:

• ISEC highlights the importance of portfolio rebalancing. This process helps investors maintain their initial asset allocation over time.

• Regular rebalancing reduces the likelihood of the portfolio drifting too far from its intended risk and return targets.

Strategic Asset Allocation:

• Strategic asset allocation is a core strategy employed by ISEC. It involves setting specific allocations for different asset classes within your portfolio.

• Periodic rebalancing ensures that your portfolio returns to these predefined allocations when deviations occur due to differing asset performance.

Asset Correlation:

• Asset correlation is discussed as a measure of the relationship and dependency between different assets in your portfolio.

• Correlation is important because it helps in the selection of assets with low correlations to diversify risk effectively.

Portfolio Manager Discretion:

• ISEC mentions that their portfolio manager has some discretion in adjusting the asset allocation, primarily in response to economic conditions.

• However, such adjustments will aim to maintain the portfolio's initial category and risk profile.

Historical Performance Records:

• ISEC states that their portfolios are separately managed accounts (SMAs), with each investor having an individual account following a specific investment model.

• Returns are paid into individual accounts quarterly, and records are provided based on the investment model's hypothetical performance.

In summary, ISEC Wealth Management offers discretionary portfolio management services that emphasize diversification, risk management, and regular portfolio rebalancing. They use mathematical models for investment decisions, with a focus on aligning portfolios with investor profiles and goals. Additionally, they provide transparency regarding portfolio performance and tax-related matters while highlighting the importance of high liquidity in their investment approach.

Customer Support

ISEC Wealth Management provides customer support through multiple channels, and they have both headquarters and tied agent locations to assist clients. Here's a description of their customer support:

Headquarters (Cyprus):

• Address: ISEC Wealth Management Ltd., 254 Arch. Leontiou А, Maximos Court, Block B, 6th floor, 3020-Limassol, Cyprus.

• Phone: You can contact their headquarters in Cyprus at +357 25 262 132 or +357 25 005 324 for any inquiries or assistance.

• Email: You can reach out to them via email at office@is-wm.com for support, questions, or information.

• Website: For additional information and online resources, their official website is www.is-wm.com.

Tied Agent (Hungary):

• Tied Agent Address: ISEC WM Magyarország Kft., Capital Square, Tower 3, 6th floor, Vaci ut 76, 1133-Budapest, Hungary.

• Tied Agent Phone: If you are located in Hungary or have inquiries related to Hungary, you can contact their tied agent at +36 1 800 1350.

• Tied Agent Email: For specific inquiries regarding Hungary, you can reach out to them via email at hungary@is-wm.com.

• Tied Agent Website: Their tied agent's website for Hungary is www.is-wm.eu.

ISEC Wealth Management's customer support is accessible through phone, email, and their official websites. Clients can reach out for assistance, information about their services, account-related queries, or any other support they may require. The presence of both headquarters and tied agent locations allows for localized support and assistance tailored to specific regions, such as Hungary.

Educational Resources

It appears that the information provided does not include details about educational resources offered by ISEC Wealth Management. Educational resources typically include materials such as articles, webinars, tutorials, or guides that are designed to help clients and investors better understand financial markets, investment strategies, and related topics.

If you are interested in educational resources, you may want to visit ISEC Wealth Management's official website or contact their customer support to inquire about any educational materials or resources they may offer to their clients. Many financial institutions provide educational content to assist investors in making informed decisions about their investments.

Summary

ISEC Wealth Management operates with some regulatory concerns, as it appears to exceed the scope of its CySEC license and lacks trading software. It offers a separately managed account service with features like active management, separate accounts, linked cards, and instant liquidity. The company charges no upfront fees for account opening or closure and levies a success fee only when it generates returns for clients. ISEC emphasizes high liquidity and offers online access to monitor portfolios. The account opening process involves completing a questionnaire, providing personal information, legal documentation, identity and source of funds verification, and address verification. Funding the account can be done through bank wire transfers. They operate within specific eligible countries, and clients are advised to understand their tax obligations. ISEC's customer support is available through headquarters in Cyprus and a tied agent in Hungary. However, information about educational resources is not provided.

FAQs

Q: What is the minimum investment required to open an account with ISEC？

A: The minimum initial investment is $1,000 USD or EUR for individual clients and $10,000 USD or EUR for corporate clients.

Q: How can I fund my ISEC account？

A: You can fund your account through bank wire transfers. Once your account is approved, ISEC will provide you with the necessary bank details for the transfer.

Q: Does ISEC charge fees for opening or closing an account？

A: No, ISEC does not charge account opening or exit fees. They operate on a success fee model, where fees are only charged when they generate returns on your investments.

Q: Can I access my funds quickly with ISEC's separately managed account？

A: Yes, ISEC builds portfolios with a focus on high liquidity, allowing you to access your funds at any time without withdrawal penalties.

Q: What countries are eligible for ISEC's services？

A: ISEC's services are available to residents of various European countries, including Austria, Belgium, Germany, Italy, the United Kingdom, and others. It's important to check the list of eligible countries for the most up-to-date information.