The four BlackRock funds that drive Waves Money have returned an average of 6.35% per year for the past 19 years.

Waves Money by YFSOL—The Simple and Quick Investment Plan for Yacht Crew

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Signing up for Waves is quick and painless

Richard

Captain, 80-metre Motor Yacht

Lots more information below

The 5 Rules of Waves Money

Waves works because of simple and effective rules

Waves Money by Yachting Financial Solutions is a simple, cost-effective investment plan for yacht crew.

It gives you an easy way to invest, so you can turn your hard-earned money into more money.

It’s straightforward and transparent. And it’s designed especially for you.

Waves is based on five simple rules.

Rule 1: Pay yourself first

Most people only look at setting something aside if they have money left over. That’s virtually never. We usually spend it all.

A better way is to put some money aside first. Then, if you spend the rest, you still have money saved.

Rule 2: Invest at regular intervals over a sustained period of time

Take a look at this graph. It represents the value of a fund over time. It goes up. It goes down. If you could, when would you invest a lump sum in this fund? At point A, B or C?

B? Yes. It’s the bottom of the market, so your money will grow the most if you invested at this point.

Thing is—you only know when the low point is after it has happened. Hindsight is perfect, but very little good to you if you missed the perfect moment.

However—if you invest smaller sums at regular intervals over a sustained period of time, you will almost certainly invest at least some of your money at the most profitable time.

Waves is designed to maximise your investment by allowing you to invest relatively small amounts of money on a monthly basis.

That means, you’ll benefit regardless of whether the fund goes up or down. In fact, provided you invest in a fund for long enough, a drop in value is an exciting time.

You see, everyone wants to invest when a fund is at its lowest. After all, if the value of the fund only goes up once you’ve bought into it, you’ll make the biggest return. But it’s impossible to know for sure when the value of a fund has bottomed out.

By investing at regular intervals, Waves makes sure you have money going into the underlying funds when they are at their lowest.

Provided the fund increases in value over time, the money you invested when the fund was at its lowest will give you the best return. Even the monthly parcels of money you invested when the fund was relatively high will give you a return, as long as the value of the fund continues to grow.

And we’ve thought of that too. That’s Rule 3.

Your Waves investment is spread over four funds.

These underlying Waves Money funds are very different and complement each other. Each one focuses on a particular kind of investment and has a particular approach.

In this way, we’ve spread the risk of investing in Waves, thereby reducing it. However, bear in mind that the risk isn’t zero. This isn’t a guaranteed savings account, after all. And risk is what drives healthy growth prospects, especially when you invest over the medium- to long-term (five years plus). And isn’t that what you want?

Rule 3: Diversify to manage risk appropriately

Waves Money places your money equally into four funds:

1: BGF European Special Situations Fund, which invests mostly in companies with potential for growth that the market has failed to appreciate.

2: BGF European Value Fund, which invests mostly in companies that are undervalued in the fund manager’s opinion.

3: BGF Pacific Equity Fund, which invests mostly in companies that are domiciled in or the core business of which is in the Asia Pacific.

4: BGF World Technology Fund, which invests mostly in companies in the technology sector.

Rule 4: Be cost-efficient

Waves Money is designed to help you invest cost effectively in funds that would normally be closed to you.

Usually, you would need to invest a large lump sum to be able to buy into the funds that drive Waves. We’ve made it possible for you to invest in these funds by putting in smaller monthly sums of money—as little as €500/month.

Not only that, we’ve structured Waves Money so that after six months, you can withdraw your money without charges or penalties. Other financial products charge an exit penalty to keep your money locked in. Waves doesn’t.

You might expect this access and flexibility to come at a high cost. Not so. We’ve been able to build Waves Money in a way that keeps costs down to a minimum. That means more of your money gets invested.

You can find out more about the fees on our FAQ page.

A lot goes on behind the scenes to make sure that Waves Money works. It’s a truly innovative investment machine with clever moving parts. Keeping it all running smoothly takes a lot of effort. Nevertheless, Waves fees are still among the lowest in the industry.

Because we want completely transparent, we’ve listed the fees here for you:

1) There is a monthly service fee of €15. This covers the fixed costs associated with the financial structure that underpins Waves. This is added to the money you transfer into Waves each month. If you have stopped paying into Waves, but still have money invested in it, €180 (or pro rata share of €180) will be deducted from the value of your fund once per year to cover these costs.

2) There is a one-off 2.5% charge on new monthly investments to pay for the mechanism of investing your money into the four funds that make up Waves. In other words, 97.5% of the money you pay in is invested into the funds each month.

3) There is an annual 1.75% fee to pay for the costs associated with administering the Waves scheme. This fee is deducted once a year from the value of your fund holding.

4) The only other fees are the charges your own bank makes when you transfer money in or out of Waves. (Please note: Standard Bank International customers don’t pay any fees on payments into Waves.)

Rule 5: Take action

The key to building up a sizeable chunk of money over time is to make the decision to get going and to commit it to as long a period as you can – to take full advantage of the power of compounding growth.

The sooner you start, the sooner you’ll be building up a chunk of money – and the sooner you’ll be getting growth on the growth you’ve already got!

Simple really if you only save for two years – you’ll only have one lot of growth on growth, if you save over five years, you’ll have four lots of growth on growth and if you save over ten years you’ll have nine lots of growth on growth making a huge difference in the final result.

 

Let’s show you what we mean:

Let’s assume you’d started saving EUR 2000 per month
2 years ago – you’d now have EUR 48,705
5 years ago – you’d now have EUR 130,683
10 years ago – you’d now have EUR 294,794

As you didn’t start saving then – you currently have nothing!

If you don’t start now – the same will be true in the future.

This is what makes Rule 5 the most important rule of all GET STARTED!

Note. If future fund growth is even better than the 19 year average of 6.35% that we’ve used in the calculations you’ll do even better!

7.5% growth over 5 years you’d have EUR 134,657 – 10 years EUR 313,819
10% growth over 5 years you’d have EUR 143,945 – 10 years EUR 360,770

Who & What Drives Waves?

The team behind Waves has decades of experience and is fully committed to making your money grow

Waves Money Is Managed by

Yachting Financial Solutions DAC (YFSOL)

Waves was created by and is managed by YFSOL.

YFSOL is the only financial consultancy that deals exclusively with yacht crew. It has been helping yacht crew leave yachting financially independent since 1992.

In addition to financial planning, YFSOL provides banking, mortgage, insurance and currency exchange services designed specifically for yacht crew.

The company is a Designated Activity Company (DAC) headquartered in Ireland and regulated by the Central Bank of Ireland, no. 50057. It has offices in Antibes, Palma and Manila.

Website: www.yfsol.com

Boal & Co (Pensions) Ltd

Boal & Co is a firm of international actuaries and consultants specialising in advice to offshore insurance companies and pension schemes. Boal & Co is the trustee of the structure underpinning the Waves product.

The company is headquartered on the Isle of Man and has offices in Gibraltar, Dublin and on Jersey.

Boal & Co is a member of Abelica Global, a leading international organisation of actuarial and consultancy firms. The company is registered with the Isle of Man Financial Services Authority as Professional Schemes Administrator, number RA010.

Website: www.boal.co.uk

Waves Money is built on 21st-century investment thinking.

Watch the video to find out more.

The Underlying Waves Money Funds

Your money will be equally spread across four funds, investing 25% into each one. We’ll be assessing them on an annual basis to see how they are performing and to see whether we need to address any changing market conditions.

The aim of the Waves Money investment mix is to provide access to opportunities where we expect the best growth. Currently the Waves Money portfolio is focussed on Europe and the Pacific region. Waves Money also invests in companies that the fund managers believe are undervalued by the market and where they believe there are opportunities for growth and/or recovery. Lastly, the Waves Money portfolio includes investments in the global technology sector: robotics, internet, computer technology, online commerce, data storage/social media etc.

Waves places your money equally into four BlackRock equity funds that aim to maximise return on investment through a combination of capital growth and income on fund assets. 

The funds are:

1: BGF European Special Situations Fund, which invests at least 70% of its assets in companies with potential for growth that the market has failed to appreciate.

2: BGF European Value Fund, which invests at least 70% of its assets in companies that are undervalued in the fund manager’s opinion.

3: BGF Pacific Equity Fund, which invests at least 70% of its assets in companies that are domiciled in or the core business of which is in the Asia Pacific.

4: BGF World Technology Fund, which invests at least 70% of its assets in companies in the technology sector.

Combined these funds have performed at an average of 6.35% per year for the past 19 years. (Past performance is no guarantee of future returns.)

Frequently Asked Questions

Got a Question?

You’ll find answers to the most common questions about Waves below. If you can’t find the answer you need, you can talk to us via the Live Chat function at the bottom of your screen, or email Customer Services (ops.waves@yfsol.com).

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What is Waves Money?

Waves Money by Yachting Financial Solutions is a simple, cost-effective and above all quick investment plan for yacht crew.

It gives you an easy way to put your money into a basket of three solid funds, so you can turn your hard-earned money into more money.

You might have been hoping to get started on a financial plan but just not had the time to have proper meetings with a financial consultant or do all the paperwork. Well—Waves Money by YFSOL is for you. You can apply in as little as 20 minutes.

Who is Waves Money for?

Waves Money has been created exclusively for yacht crew—especially those who want to get their money working for them, but can’t find the time to sit down with a dedicated yacht crew financial planner.

Waves Money is quick and simple. It’s designed so that you can apply for (and manage) your account online, on the go, wherever you are.

Please note: Waves Money isn’t available to US citizens whose primary residence is in the USA, nor to residents of the Isle of Man.

How do I sign up?

The application process is simple.

Short version:

1. TAKE THE WAVES MONEY TEST to see if you qualify
2. If you do, APPLY
3. Then, set up your STANDING ORDER.

More detailed version:

First, take the Waves Money Test to see whether Waves Money is right for you. The test will take you through important aspects of Waves Money and you’ll be asked to agree to them. You’ll also be asked about your salary, savings and what you’d be comfortable investing. These are all questions relating to regulatory requirements we must comply with. They are there to make sure Waves Money fits with your current financial position. The test won’t take longer than a few minutes.

Second, if Waves Money is a match for you, you’ll be taken to a formal application form. You won’t need more than a few minutes to fill that in either.

However, you will need to upload some documents, so best be prepared and have those ready in advance. They are:

1—A scan of your passport’s main page.

2—A scan of a employer’s/captain’s/first officer’s letter. You can download a template by clicking here: Captain or First Officer’s Letter.

3—A scan of a completed master agreement and application confirmation form. You can download that by clicking here: Master Agreement.

Once you’ve submitted your application, you’ll receive confirmation by email. If everything is in order, you’ll receive your account and login details within two working days in a separate email.

Third, once you have your Waves Money account details, you can set up a standing order for your monthly payments into Waves Money. You’ll receive more information about this when you get your login details.

What am I investing in through Waves?

Your money will be equally spread across four funds, investing 25% into each one. We’ll be assessing them on an annual basis to see how they are performing and to see whether we need to address any changing market conditions.

The aim of the Waves Money investment mix is to provide access to opportunities where we expect the best growth. Currently the Waves Money portfolio is focussed on Europe and the Pacific region. Waves Money also invests in companies that the fund managers believe are undervalued by the market and where they believe there are opportunities for growth and/or recovery. Lastly, the Waves Money portfolio includes investments in the global technology sector: robotics, internet, computer technology, online commerce, data storage/social media etc.

Waves Money places your money equally into four BlackRock equity funds that aim to maximise return on investment through a combination of capital growth and income on fund assets. 

The funds are:

1: BGF European Special Situations Fund, which invests at least 70% of its assets in companies with potential for growth that the market has failed to appreciate.

2: BGF European Value Fund, which invests at least 70% of its assets in companies that are undervalued in the fund manager’s opinion.

3: BGF Pacific Equity Fund, which invests at least 70% of its assets in companies that are domiciled in or the core business of which is in the Asia Pacific.

4: BGF World Technology Fund, which invests at least 70% of its assets in companies in the technology sector.

How much can I invest in Waves Money?

You can set your regular monthly contributions as high as you like.

To make sure Waves Money is worth your while and gives you a chance to build up a good fund, the minimum monthly contribution is €500.

How long do I have to commit to? Is there a fixed term?

Your minimum commitment to Waves Money is for six months. Any shorter and you really wouldn’t see any benefit at all from your investment. The longer you invest, the harder your money can work for you and the higher your returns are likely to be.

After six months, you can leave Waves Money at any time. It takes between six to 12 weeks for us to process the paperwork, check it’s really you asking for the money, arrange for the funds to be separated and released from the three investment pots and transferred to you.

What happens if I stop paying into Waves Money?

If you keep your money in Waves Money, it will continue to work for you.

You’ll still be charged the monthly service fee of €15 to cover the costs associated with the Waves Money infrastructure. This fee will be taken out of your fund value at the end of the year as a lump sum of €180, or a pro rata amount, depending on when you stopped your monthly contributions.

How much is my money at risk?

Risk is what determines the growth potential of your investment.

Too little risk, and your money is unlikely to grow very much.

Too much risk, and you could lose a lot or all of your money.

Waves Money is built on the philosophy that some risk is good (to increase the chances of a good return), but must be balanced by a diverse portfolio (to protect the value of the money invested as much as possible). So, your money will go into three separate pots—all highly respected and all very different. By doing so, your money goes into 100 individual investments. No investment is guaranteed, of course, but by investing your money in this way, Waves Money is designed to give you good returns coupled with robust risk management.

Can I pay in a lump sum in addition to my monthly contributions?

We’ll be making that option available very soon.

How do manage to keep Waves Money costs so low?

First of all, this is down to our belief that the lower the cost, the more appealing Waves Moneyt is to you. Nothing is truly free, but we worked very hard to keep costs down.

To achieve that, we built a very sophisticated backend to drive Waves Money. We’re very proud of that. And we’ve had a lot of positive feedback from colleagues in the financial planning sector.

Under the bonnet, Waves Money is highly complex—revolutionary even. But the consequence is (now it is up and running), we are able to keep our costs low. That means more of your money ends up where we want it: invested and working for you.

How much does Waves Money cost?

Waves Money's fees are among the lowest in the industry. There are four costs associated with Waves Money.

1) Monthly service fee: €15.
The infrastructure that supports Waves Money relies on a number of services. Each of which needs to be paid for. For example, a Waves Money account needs to be created for you. Similar to a bank account, there are administration and technology costs involved in keeping it running.

To cover all the costs associated with the sophisticated infrastructure of Waves Money, we charge a monthly service fee of €15.

This is added to the money you transfer into Waves Money each month.

If you stop paying into Waves Money, but still have money invested in it, we’ll deduct 12 x €15 = €180 (or a pro rata share) to pay for the costs of maintaining the structure the underpins Waves Money.

2) Investment charge: 2.5%.
This is a fee for getting your money into the fund that drive Waves Money. Your money needs to go into the fund in line with regulatory requirements and through approved mechanisms. These cost money.

It’s like the cost of a visa to enter a country.

To cover these costs, you pay a 2.5% charge when you put money into the fund.

This is deducted from your monthly investment. In other words, 97.5% of the money you pay in is invested into the fund. So, if you pay €1,000 into the fund, €975 is invested and €25 covers the entry mechanism.

3) Annual administration fee: 1.75%
The administration of Waves Money is a big job. It takes a lot of dedication and hard work by people at Yachting Financial Solutions and Boal & Co to keep Waves Money working.

We not only need to make sure that all the parts are working properly, we also have to make sure that Waves Money is compliant with all the relevant regulation and legislation. Financial governance is a big job and we take it very seriously.

So, to cover the costs associated with running Waves Money, we charge an annual fee of 1.75% of the value of your fund. (This is exceptionally low, compared with other financial services, by the way.)

This fee is deducted once a year from the value of your fund holding.

4) Bank transfer fee.
Banks charge money for providing their services. One of the charges you might be most familiar with is the fee they charge when you transfer money between accounts, especially to an account overseas.

So, when you pay money into your Waves Money account each month, your own bank will charge you a fee.

These are fees we have no control over. Each bank sets them independently.

IMPORTANT NOTE: If you bank with Standard Bank International, you won’t have to pay monthly transaction fees into Waves. Money

How do I see the current value of my investment?

You can log in securely to see your investment valuation by clicking on the 'Money Login'  at the top of the Waves website. If you have lost your login details, you can contact client services to request a new one.

I’ve lost my login details. What should I do?

No problem. Just contact client services (ops.waves@yfsol.com) to request a new one.