Overview of SPAFS
SPAFS, established in 2011 in Cyprus, offers a comprehensive suite of financial services including investment advisory, asset management, brokerage services, and custodian services. The company adopts a structured approach to investment, focusing on customized portfolio design and performance monitoring tailored to meet the diverse needs and objectives of its clientele. Despite its array of services, SPAFS's operations have been overshadowed by the revocation of its CYSEC regulatory license, raising concerns about its compliance and reliability in the financial services sector.
Is SPAFS Legit？
SPAFS, previously regulated in Cyprus by CYSEC under license number 141/11, currently has its regulatory status marked as “Revoked.” This change in status indicates that SPAFS is no longer authorized by CYSEC to operate under the regulatory frameworks typically required for financial service providers in Cyprus. Clients and potential investors should be aware of the risks associated with dealing with a firm that has had its regulatory license revoked, as this implies potential issues with compliance or financial stability.
Pros and Cons
SPAFS offers tailored financial services, comprehensive client support, and customized investment strategies. These attributes enable SPAFS to provide a specialized and engaging financial service experience. However, the company's pros are significantly overshadowed by cons, including a revoked regulatory status by CYSEC, which brings potential compliance issues and poses risks to client investments. This revocation raises substantial concerns about the firm's operational integrity and the security of client assets.
Products and Services
SPAFS provides the following financial services:
1. Investment Advisory: Focuses on superior risk-adjusted returns and diversification.
2. Asset Management: Manages diversified and customized portfolios.
3. Brokerage Services: Adheres to international quality standards for financial transactions.
4. Custodian Services: Offers custody for transferable securities, money market instruments, and funds.
Client Investment Approach
The client investment approach is structured as follows:
1. Client Categorization: Clients are classified under MiFID rules as retail, professional, or eligible counterparties.
2. Understanding Needs and Goals: Analyze the client's current portfolio and develop an understanding of their risk profile, objectives, and time horizon.
3. Investor Profile Indicator (IPI): Document investment objectives and define goals for asset growth, liquidity, and income; set asset allocation targets.
4. Customized Portfolio Design: Based on the IPI, formalize the asset allocation strategy and select investments that meet the documented objectives.
5. Performance Monitoring: Use quantitative and qualitative measures to monitor investments and make necessary adjustments in alignment with the IPI.
6. Reporting: Provide transparent monthly reports on portfolio performance.
Customer Support
SPAFS provides customer support through their offices in Nicosia, Cyprus, and Athens, Greece. Contact methods include phone and email for both locations. The Nicosia office can be reached at (+357) 22 028585 or (+357) 22 028586 and via email at info@spafs.com. The Athens office is available at +30 210 6425700 or +30 210 6425715, with the same email contact, info@spafs.com.
Conclusion
SPAFS demonstrates a strong capability in providing tailored and comprehensive financial services, including investment advisory, asset management, and more. The firms approach to creating customized investment strategies. However, the revocation of its CYSEC license significantly impacts its credibility and poses substantial risks. This dual aspect of professional service offerings contrasted with regulatory challenges encapsulates the complex nature of SPAFS as a financial entity.
FAQs
Q: What services does SPAFS offer？
A: SPAFS offers investment advisory, asset management, brokerage, and custodian services, focusing on risk-adjusted returns and diversified portfolios.
Q: How can I contact SPAFS customer support？
A: You can contact SPAFS via phone at their Nicosia office (+357) 22 028585/6 or Athens office +30 210 6425700/715, or through email at info@spafs.com.
Q: What should I know about SPAFSs regulatory status？
A: SPAFS was formerly regulated by CYSEC, but this status has been revoked, which indicates it may no longer comply with certain regulatory standards necessary for safe financial practices.
Q: How does SPAFS handle client investments？
A: SPAFS employs a detailed client investment approach that includes understanding client needs, documenting investment objectives through an IPI, designing customized portfolios, monitoring performance, and providing transparent reporting.
Q: What are the risks involved with investing through SPAFS？
A: Investing through SPAFS involves risks related to its revoked regulatory status, which might affect the security of your investments. Its important to consider these factors and conduct due diligence before investing.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.
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