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? Who has access to my account? Is my money safe with Yova? How are my returns taxed? Does it count as income? Can I keep my Yova account if I plan on leaving Switzerland soon?