What is ellexx?
ellexx is one of the few fintechs in Europe that was founded by women. Behind it are the economist Patrizia Laeri, the lawyer Nadine Jürgensen and the designer Simone Züger. ellexx is a financial platform that consists of three important pillars: Information, financial education and financial solutions.
What does ellexx do?
As a universal financial media platform, ellexx ensures that all relevant financial topics are bundled in one place. The platform consists of three pillars: Information, financial education and financial solutions.
ellexx offers information: ellexx shakes things up and provides critical information on financial topics. In particular, we draw attention to the financial gaps in women's lives.
ellexx offers financial education: The ellexx community should receive answers and help to all financial questions. With our app, we offer instant help for financial life. This ranges from regular live coaching sessions, learning videos, smart budget tools and checklists to contract templates.
ellexx offers financial solutions: ellexx moves the world of finance. We initiate new product ideas. Together with our partners, we offer fair, equitable and sustainable financial solutions to meet the needs of women at different stages of their lives.
What financial products does ellexx offer? ellexx offers various specific financial and insurance solutions, including a pillar 3a with Bank Vontobel, an investment product with Migros Bank, legal protection insurance with CAP - a subsidiary of Allianz - and supplementary health insurance for women with Groupe Mutuel. In addition, ellexx offers independent financial advice from women for women.
How can I invest with ellexx? ellexx offers an investment product with Migros Bank. With the ellexx equity product, you invest in companies that promote equality between men and women.
You can also get advice on various investment options from our independent wealth advisors. The independent investment advisors are experts in sustainable investments and will put together an investment strategy for your personal needs.
Where can I find financial tips for women? ellexx offers award-winning business journalism. Here, an independent editorial team writes about current affairs and background information relating to women, finance and equality. We give space to topics that other media only mention in passing or have no space at all. It is important to us that this knowledge is accessible to everyone, which is why we make the content available free of charge. In addition, ellexx trains people with coaching, tools and courses and empowers them financially. ellexx Plus Membership is available from as little as CHF 19 per month.
What does ellexx approved mean? ellexx stands for product innovation: the fintech offers financial information for women while developing women-friendly financial products with partners. ellexx works with partners to offer fair, equitable and sustainable financial solutions to meet the needs of women at different stages of their lives. Without banking blah-blah-blah, but with social impact and according to our own investment principles. This is what the ellexx approved label stands for.
What is the ellexx format ask him? Ask him is a weekly format at ellexx. We confront men with questions that are usually only asked of women. We want to break down stereotypes, but also expose toxicity.
What are the benefits of ellexx Membership and what does ellexx Membership include?
As an ellexx member, you benefit from numerous advantages. There are three different memberships to choose from:
- Basic annual membership
- Plus monthly or annual membership
- Supporter annual membership
How much does an ellexx Membership cost?
The Plus Membership costs CHF 199 for an annual subscription and CHF 19 for a monthly subscription. There is also a Basic Membership for 169 francs and a Supporter Membership for 499 francs for an annual subscription.
What is the difference between Basic, Plus and Supporter Memberships?
👉 For the Basic Membership in the ellexx app, you get the following services for one year:
- Access to all content
- Newsletter for members
- All interactive checklists
- 20% off offers from other Female Founders
All for CHF 169.- per year incl. VAT.
👉 For the Plus Membership in the ellexx app you get the following benefits, either for one month or as an annual membership:
- Access to all content
- Newsletter for members
- All interactive checklists plus long versions for download
- 20% off offers from other Female Founders
- Your smart budget tool in the app
Plus: All live coaching sessions, i.e. 11-24 coaching sessions per year on all aspects of money with top experts and the female founders
Plus: The motivating online courses on investing and retirement planning for beginners and advanced investors
Plus: 20% discount on Close the Gaps Night and ellexx Money Hacks course
All for CHF 199.- per year or CHF 19.- per month (incl. VAT)
👉 For the Supporter Membership in the ellexx app you get the following benefits for one year:
- Access to all content
- Newsletter for members
- All interactive checklists plus all long versions for download
- 20% off offers from other Female Founders
- Your smart budget tool in the app
- Plus: All live coaching sessions, i.e. 11-24 coaching sessions per year on all aspects of money with top experts and female founders
- Plus: Motivating online courses on investing and retirement planning for beginners and advanced investors
- Plus: 20% discount on Close the Gaps Night and ellexx Money Hacks course
Exclusive: Two tickets per year to the Close the Gaps Night
Exclusive: Superwoman silk scarf from ellexx - because you are a superwomen!
Exclusive: Close the Gaps book with a personal dedication from the founders
And: Forever LOVE from the ellexx team 💜
All for CHF 499 per year incl. VAT.
Can I cancel my membership at any time?
You can cancel your membership up to two days before it expires. The monthly membership can be canceled monthly.
Will my membership be renewed automatically?
Yes, your membership will be renewed automatically when it expires. If you want to cancel your membership, you can do this yourself in the app up to two days before it expires.
Can I give the membership to someone else as a gift?
If you want to support other people financially, you can also give the ellexx Membership as a gift. You can find vouchers in our shop.
I have received a voucher for a membership. Why do I still have to enter my credit card details?
Our payment system requires a credit card, even if you have a voucher for the ellexx Membership and receive it free of charge. You will not be charged anything. Please note, however, that you must cancel the membership after your voucher expires if you do not wish to keep it. Otherwise it will continue to run subject to payment.
Here you will find all the questions about investment advice that you can book via ellexx with the two independent investment advisors Bente Roth and Edith Aldewereld.
What does independent financial and wealth management consulting mean?
Unlike employees at banks or insurance companies, wealth consultants do not receive commissions on products. This means they do not earn anything from recommending a product to you. This allows them to independently select the most suitable and cost-effective financial investments and products for you. Additionally, our consultants are regulated by the Financial Market Supervisory Authority (FINMA) and licensed as wealth managers, meaning they can also manage your assets for you.
How long does a consultation last?
The group consultation (financial consulting in the Financial Safe Space) lasts one and a half hours. Wealth management consultations last one hour, during which you have the opportunity to prepare your documents in advance and send the most important documents to the independent wealth consultant via email beforehand. This saves time and allows you to start right away.
Is this done online or in person?
The financial consulting in small groups of 5 to a maximum of 10 people always takes place online. You can choose both the appointment and the advisor. For independent wealth management consulting, you can decide whether to have the consultation virtually or in person in Zurich.
What does the consultation include?
All consultations focus heavily on your personal financial priorities. The consultation generally includes the following points:
- Situation analysis
- Risk profile
- Investment horizon
- Savings rate
- Goals
- Sustainability
- Investment opportunities
- Fees
- Retirement planning
What can I prepare in advance?
It would be helpful if you are aware of your own financial situation and can answer the following questions. You can use the budget template from ellexx to assist you:
- What is my monthly income?
- What is my total wealth?
- What are my fixed costs (living expenses such as rent, electricity, water, childcare, insurance, taxes, subscriptions (streaming etc.), transportation, phone and internet, leasing, loan repayments, maintenance costs, etc.)?
- What are my variable costs? (clothes, cinema, culture, dining out, travel, etc.)
- How much debt do I have?
- Optional: How much do I want to invest long-term?
Can I also get advice on retirement?
Our independent wealth consultants are also specialized in retirement topics. However, the consulting offer is not equivalent to comprehensive retirement planning. You should review your retirement planning in detail at least 10 years before retirement.
How much money do I need for wealth management consulting to be worthwhile?
Financial and investment advice is already worthwhile starting at CHF 10,000, as it allows for setting up a cost-effective ETF strategy. Wealth management consulting becomes worthwhile starting at CHF 400,000 in free assets (excluding pension fund assets or real estate).
Can I bring my partner to the wealth management consultation?
Absolutely, the strongest relationships are those where money can be openly discussed. Children are also welcome to join.
How do I schedule an appointment?
For wealth management consulting, you proceed directly to the appointment selection after booking, allowing you to choose a suitable time slot. For group financial consulting, you can book your desired date via the provided link.
Do you have more questions about independent financial and wealth management consulting? Contact us at hello@ellexx.com.
Here you will find all the questions about ellexx 3a, which was developed in cooperation with Bank Vontobel.
Why does ellexx offer a 3a pension product?
We want to encourage women to close their financial gaps. The gender pension gap in Switzerland is still 35 percent - poverty in old age is female. We need to change that. The third pillar is one way of doing this. With the third pillar, you can make private provisions for yourself, increase your money in the long term and save taxes at the same time.
Why the partnership between ellexx and Vontobel?
Vontobel is a family business and is managed by a new young generation. Family businesses think more long-term and do business more sustainably. The private bank has a long ESG history. Sustainability is also very important to ellexx, and we are committed to a more sustainable and equitable financial world every day.
Why ellexx 3a? What makes the product stand out?
In the investment process for ellexx pillar 3a, Vontobel also takes ESG risks into account among the financial criteria. This includes funds that minimize sustainability risks and comply with the ten UN Global Compact principles. ellexx also aims to promote a more equitable financial world. Vontobel has made a contractual commitment to ellexx to explicitly add investments that take particular account of gender equality and diversity from a certain volume of ellexx 3a.
How much money do I need to open the ellexx 3a?
You can open the ellexx 3a for as little as one franc. Your money will be invested from 500 francs.
How many investment strategies are there to choose from?
Depending on your risk profile, there are five globally diversified investment strategies to choose from. Depending on the strategy, your money is allocated differently to equities and bonds. With all strategies, two percent remains in your account as liquid assets. If you want more or less risk, you can adjust your strategy at any time.
Here you will find all the questions about ellexx, which was designed in close cooperation between ellexx and CAP (an independent subsidiary of Allianz).
What is legal protection insurance?
Legal protection insurance supports you in legal issues and disputes and covers the costs and advances you are required to pay - for example for a lawyer, for a court hearing or for the preparation of an expert opinion.
Private legal protection covers disputes relating to issues such as shopping, work, equality, housing or health. Traffic legal protection covers you as a road user, whether you are traveling by e-bike, with your own or rented vehicles, ships or aircraft.
With full legal protection from ellexx legal protection insurance, you enjoy comprehensive insurance cover for private and traffic legal protection. If you don't drive a car, e-bike or other motor vehicle, the ellexx legal protection insurance variant without traffic legal protection is perfect.
Why do I need legal protection insurance?
You can often find yourself involved in a legal dispute more quickly than you would like. Because conflicts lurk everywhere: whether in road traffic, with your landlord, at work or when shopping online. Legal disputes can quickly become expensive - one hour with a lawyer can cost several hundred francs.
What are the benefits of ellexx legal protection?
With our ellexx legal protection insurance, you get comprehensive cover in a subscription system, starting at CHF 21.20 per month. What makes ellexx legal protection insurance unique is the fact that it was designed by women for women. With ellexx legal protection insurance, you can not only take advantage of advice on family law up to CHF 1,500, but also receive legal support in the event of a separation or divorce. CAP is the only legal protection insurance in Switzerland to date that covers separation and divorce proceedings up to CHF 15,000 - regardless of whether they are amicable or not. It also covers the same benefits as any other legal protection insurance.
I am friends with a lawyer. Why do I need legal protection?
The lawyer friend may advise you free of charge and represent you in court. But she will neither pay your court costs nor the costs of the other party if you are successful but the other party is unable to pay. ellexx legal protection insurance covers the legal costs and all advances in covered cases.
Is legal protection insurance worthwhile? Do the premiums seem very expensive?
Depending on the cover, the annual premium for legal protection insurance is cheaper than an hour with a lawyer. In the event of a legal case, court costs, expert costs, travel costs, translation costs, costs for compensation, bail etc. can also be added. With ellexx legal protection insurance, you can enforce your rights and be represented in court in covered cases without incurring any additional costs.
Do I have a free choice of lawyer with ellexx legal protection insurance?
You will be supported by CAP lawyers in all insured legal cases. In the event of a conflict of interest, you have the right to choose your own lawyer - for example, if the other party is also insured with CAP or in the event of a dispute with Allianz Suisse. This also applies if only external legal representatives are admitted to appear in court.
I see a dispute coming up, but I don't yet have legal protection insurance. If I take out ellexx legal protection insurance now, will I get help?
Yes, you will. We do not insure a house that is already on fire, but we will support you with legal information over the phone, show you the general legal situation and the next steps and, if you wish, recommend specialized legal representation.
I have liability insurance. Do I still need legal protection insurance?
Yes, legal protection insurance is an important supplement to liability insurance. Liability insurance only helps you to defend yourself against unjustified claims or to pursue justified claims. If you suffer damage yourself and want to enforce your claims, you need legal protection insurance. And if your liability insurance refuses to pay, you'll be glad you can count on your legal expenses insurance. What's more, liability insurance does not usually provide you with legal information.
Is the JUSTIS offer the same as ellexx legal protection?
No, the offer from ellexx in cooperation with CAP and Justis is only available via ellexx and was developed in cooperation with our partners. If you want to buy ellexx legal protection, you must make sure that the ellexx logo is really visible, otherwise you may end up on the Justis website and not benefit from our product by women for women.
Here you will find all the questions about the tracker certificate on the ellexx Gender Equality Basket, which was designed in close cooperation between ellexx and Migros Bank.
Why the partnership between ellexx and Migros Bank?
Migros Bank is considered fair and human. It is there for everyone. Just like ellexx. We fight for financial education for all and are committed to a more equal financial world. Migros Bank is an exception in the banking world. It abolished its internal bonus system in 2019. This ethical approach to business convinced us.
Where can I buy the share product?
You can purchase it from all Swiss banks, neo-banks or digital trading platforms. Generate a PDF for your bank on our website or email the product name to your bank advisor: "Migros Bank ellexx Gender Equality Basket", security number "110 588 569". Otherwise, simply search for "Migros Bank ellexx Gender Equality Basket", "Security no., 110 588 569" on your investment app and purchase the product with a click.
What is the ellexx Tracker Certificate? What is special about this investment product?
With the ellexx investment product, you invest in companies that promote equality between men and women. The ellexx investment product was the first of 40,000 structured products in Switzerland to focus on gender equality.
How are the companies in the Gender Equality Basket selected?
- Companies that align with the United Nations Sustainable Development Goal (SDG) number five. The Sustainable Development Goals are international development goals that address the most pressing challenges of our world. SDG 5 stands for gender equality and the empowerment of girls and women. To evaluate whether companies contribute positively to SDG 5, the following aspects, among others, are considered:
- Proportion of women in the workforce: At all levels. Gender diversity should be reflected not only at the executive level but throughout the entire company, including senior management and the board of directors.
- Discrimination or harassment based on gender: The companies have no controversies related to issues such as wage discrimination or sexual harassment.
- Discrimination against stakeholders: The companies have no controversies related to forced labor, discrimination against workers, and customer discrimination.
- Companies with a good sustainability rating and classified as responsible by our investment partner, Migros Bank.
- Companies of high quality, as the return should ultimately be satisfactory. For a stock to be selected, the so-called Bloomberg Analyst Consensus – a reference point for the future performance of a company – must be greater than or equal to 3. Additionally, all companies in the ellexx stock product have a market cap of at least one billion dollars.
When selecting companies, our investment partner relies on all stocks that, according to MSCI, one of the largest sustainability rating agencies in the world, align with SDG 5.
How many companies are included in the Gender Equality Basket?
A total of 30 companies from Switzerland, Europe and the USA are included in the Gender Equality Basket.
What happens if a company in the Gender Equality Basket no longer meets the selection criteria?
The composition of the Gender Equality Basket is reviewed on an ongoing basis. As this product is an actively managed product, companies can be removed at any time if they no longer meet the selection criteria.
What does ellexx want to achieve with its financial product?
Overall, ellexx is about helping women achieve financial independence and security while promoting gender equality, sustainability and social responsibility in the financial sector. With ellexx, we want to strengthen social investing: This means that more money, investment and attention will flow into companies and executives that offer equal opportunities and fair jobs, take diversity and inclusion into account and operate socially and as sustainably as possible.
Why has the ellexx Gender Equality Basket been criticized?
The ellexx Gender Equality Basket is an actively managed product and therefore more expensive than a passive ETF fund, for example, which is based on an index. There are over 40,000 so-called "tracker certificates" in Switzerland - but the ellexx equity product was the first in Switzerland to concentrate on a gender focus - equality. (A tracker certificate tracks the performance of a "basket" of securities on a one-to-one basis. Tracker certificates are mainly used for thematic, sector-specific or geographical orientations of a basket of securities).
The product was criticized for not being suitable for beginners in particular and for being too expensive. The Gender Equality Basket was neither designed nor ever advertised as an entry-level product. The ellexx Gender Equality Basket was conceived from the outset as a component in a diversified portfolio for anyone who wants to invest specifically in companies that offer equal opportunities. ellexx also offers independent investment advice to explain the risks of investment products and check whether the product is suitable. At 1.1 percent, the product's fees are in line with the usual level for actively managed investment products and also include hedging to offset the risk of currency differences against the Swiss franc. The issuer (ZKB) receives 0.3% of the 1.1% fee. The remaining 0.8% is split equally between Migros Bank and ourselves. We are therefore entitled to 0.4% for our cooperation with Migros Bank. In our view, the product is an innovation on the Swiss financial market at a comparable price to similar products in the market environment.
When is the best time to invest?
In general, it is impossible to determine with certainty in advance whether it is a good or bad time to invest. Of course, it would be best to invest when prices are at their lowest and sell when they are at their highest. However, this is practically impossible to recognize in the present. It is therefore best to invest at regular intervals. In general, the timing of your investment is not so important as your investment horizon. The longer your investment horizon, the greater your chances of a return.
Here you will find all the questions about Optimum supplementary insurance, which was designed in close cooperation between ellexx and Groupe Mutuel.
Why does ellexx offer supplementary insurance? Why do women need supplementary health insurance?
Health is also a financial issue. You have to be able to afford health. Unfortunately, many women forego important support and preventive measures for cost reasons. We want to change this by offering fair supplementary insurance that prudently and proactively improves women's health.
Why is supplementary insurance useful?
Supplementary insurance can compensate for many things that are not covered by basic insurance. For example, Optimum covers additional gynecological check-ups, alternative forms of therapy such as osteopathy sessions, psychotherapy or mammography.
What does Optimum supplementary insurance offer?
It is particularly important to us to improve care for women during childbirth. That's why, thanks to ellexx, Optimum is one of the first Swiss supplementary insurers to cover the costs of doulas - non-medical birth attendants who provide emotional and physical support before, during and after the birth. Optimum also offers other supports that are important for mothers, such as courses to restore the pelvic floor, discussions on perinatal grief and so on.
Is Optimum supplementary insurance worthwhile even if I am not of childbearing age?
Yes, Optimum includes benefits for women of all ages. For example, genetic tests, mammograms, courses from Swiss leagues (e.g. for fall prevention), fitness subscriptions or alternative treatments such as massages, acupuncture or homeopathy.
Do I have to have basic insurance with Groupe Mutuel in order to benefit from Optimum?
No, you can take out Optimum supplementary insurance independently of your basic insurance.
