facebookAre there hidden trading fees when investing in StashAway and Syfe that will eat into returns? - Seedly

Anonymous

22 Mar 2021

Robo-Advisors

Are there hidden trading fees when investing in StashAway and Syfe that will eat into returns?

If so, should i actually reduce my DCA from monthly to quarterly instead?

Discussion (3)

What are your thoughts?

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I dont think there are any hidden fees. Robo advisors are trying to be extremely transparent and have low fees to attract more people.

If you're so worried about fees, you can just DIY and copy their portfolio. I'm sure you have the monthly statement to see what they buy with your money.

The monthly statement would also indicate when fees are deducted. So read em.

Robo advisors charge a % of your portfolio per annum. So if I am right and there are no hidden fees, DCA monthly or Quarterly would not affect your fees. I'm basing of on how AutoWealth charges me.

What kind of hidden fee/s you had encountered and in which trading platform?

I think both are quite transaparent with their fees. And are pretty responsive to emails, so do cont...

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