facebook1)Can someone explain how SYFE charges? I have 3 accounts with them and i notice that i have fee deduction in all 3 accs? Shouldn't it be only 1 fee charged?2) My portfolio has been underperforming - Seedly

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Anonymous

26 Apr 2023

βˆ™

Robo-Advisors

1)Can someone explain how SYFE charges? I have 3 accounts with them and i notice that i have fee deduction in all 3 accs? Shouldn't it be only 1 fee charged?2) My portfolio has been underperforming

Is anyone facing the same underperforming record in their portfolio :(

Discussion (3)

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The total fees is split accross the portfolios as a ratio

1) Syfe charges based on the total amount actually. It is just they split it into different portfolios so that it would reflect better to each of them I guess.

This approach is also utilized by other robo-advisors.

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2) It's not only your portfolios that are underperforming, but rather many individuals due to the bear market.

Tony

26 Apr 2023

Computer Engineering at Nanyang Technological university

You meant 3 portfolios? the fee for an account is based on your total amount invested with Syfe. Ann...

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