Many savers sensitive to the idea of almost automatic pilot savings are asking themselves the question: which of Yomoni or Nalo should they choose to take out life insurance? Nalo Heritage or Yomoni Life? Take a look at the advantages and disadvantages of these contracts which have modernized the world of online savings.
Twin brothers? Comption is tough between the fintechs Nalo and Yomoni. Logically, some savers ask themselves the question: who to choose between Nalo and Yomoni Vie? What really differentiates the two contracts?
Nalo and Yomoni are both classified in the robo-advisor family, and therefore offer life insurance 100% online and in pilot management. Both fintechs use technology to create and arbitrate diversified portfolios adapted to the profiles of their clients and their risk appetite. Yomoni and Nalo require the same entry ticket: 1000 euros the opening and the possibility of setting up scheduled payments of at least 50 euros. For Nalo life insurance, if you do not opt for scheduled payments, the entry ticket is 10000 euros.
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Fewer profile choices for Yomoni, simpler management?
Launched in 2017, Nalo life insurance allows savers to choose from 4 themes (standard, socially responsible investment, or SRI, complementary PEA and without real estate) and no less than 101 different profiles. Too much, maybe? Yes, the multitude of profiles makes it possible to have a tailor-made portfolio, which perfectly matches the investor’s risk appetite. But too wide a choice could discourage an uninformed customer who is only looking for simplicity.
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The multi-project advantage
However, Nalo has a serious advantage: the technology multiprojects. It allows to have several separate investment pockets within the same contract. In this way, savers can fund a portfolio dedicated to real estate purchases, another for children’s studies or even one to supplement their retirement income. And this, without surcharge. Each pocket benefits from its own asset allocation and you can transfer money between portfolios at no additional cost.
For its part, Yomoni, created in 2014, offers two management choices: a classic one and a socially responsible investment (SRI). For the latter, Yomoni offers funds respecting the ESG (environmental, social and governance) criteria and Greenfin label. These are funds that rely on companies whose turnover comes in part from eco-activities: such as non-polluting transport or sustainable agriculture.
After having answered the traditional and regulatory questionnaire used to draw up your investor profile, Yomoni allows savers to identify themselves one of the 10 risk profiles available, obviously ranging from the most cautious to the most offensive. It’s less than at Nalo. But the number of profiles is still greater than for other distributors. Most often, for an online life insurance contract, four profiles (prudent, balanced, dynamic and a specific profile) are available.
In terms of management choice, Nalo therefore offers a tailor-made advantage. And Yomoni has a more limited range of profiles, which can be a guarantee of simplicity for savers.
Fees and performance: the match
| Yomoni Life | Nalo | |
|---|---|---|
| Minimum down payment | 1000 euros | 1000euros if scheduled payments of minimum 50euros otherwise 10000euros |
| Management methods | Management under mandate | Management under mandate |
| Management fees | 0.60% | 0.75% |
| Fees on payment | 0% | 0% |
| Arbitration fees | 0% | 0% |
| Categories of units of account | UCITS, Trackers | trackers |
| Maximum charges | 1.60% | 1.55% |
Expenses. At Yomoni, management fees are 0.60% on the fund in euros and on the units of account. There is no entry fees, nor fees on payments or arbitration. For the part invested in units of account (UA) the money order fees are 0.70% and management fees on index funds are a maximum of 0.30%. Fees at Yomoni will rise 1.60% maximum.
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For its part, Nalo invoices per year 0.75% for the administrative management of the contract; 0.55% to get paid and 0.25% for costs related to ETFs. Like Yomoni, Nalo does not charge entry fees, payment fees or arbitration fees. Fees at Nalo will rise 1.55% maximum.
Life insurance: unit-linked fees down
The performance of funds in euros. In 2021, the Nalo euro fund, insured by Generali, recorded a performance between 0.95% and 1.90% (bonus rate according to the portion in units of account). The yield of the Suravenir Rendement fund, available at Yomoni Vie, is high between 1.30 and 1.60%. The yields of funds in euros are, however, of little relevance for comparing these contracts, the interest of which is based on pilot management (with or without funds in euros depending on the profile).
Performance in discretionary management. With its hundreds of risk profiles, it is difficult to detail all of Nalo’s performances. Here are three examples:
- Nalo records for his profile 25 (25% invested in UC), a return of 4% for the year 2021 and a annualized performance of 5.36% over three years;
- 8.70% return for savers who have opted for the investment 50% in UA (and 8.10% annualized performance over 3 years);
- For his profile 95 (95% invested in UC)customers were able to generate 13.60% of yield. The annualized performance over the last three years is 10.52%.
On the side of Yomoni Vie, the performances span between 1.60% and 22.70% in 2021.
- The performance of profile 2 (which makes it possible to invest 30% in UA) has been 3.73% in 2021 and 1.80% over three years (annualized performance).
- For the profile 4 (60% in UA), savers benefited from 6.52% return in 2021 and an annualized performance of 1.76% over three years.
- Investors who have invested 100% in shares (profile 10) recorded a performance of 22.75% in 2021 (and 17.22% over three years)
The balance sheet
- Ms. mounting opening and similar fees although slightly lower with Nalo.
- In terms of performance, it’s hard to compare all of Nalo’s 100 profiles to Yomoni’s 10. Slight advantage all the same Yomoni on the most dynamic profiles in 2021.
- Yomoni offers more choice of investment vehicles (168 against 30 for Nalo).
- Nalo has the definite advantage of offering the multiprojectsthis possibility of having several pockets, each dedicated to a specific project within the same contract.
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