Why do I need an account at Saxo Bank? Saxo Bank is Yova’s FINMA regulated custodian bank. As an asset manager, we execute trades on your behalf and manage your risk. However, we are not regulated to hold your assets – only a bank can do this. Related articles Why did you choose the Saxo Bank as your partner bank? Is my money safe with Yova? Who has access to my account? Can I invest in Yova if I do not live in Switzerland? How are my returns taxed? Does it count as income?