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Anonymous

11 Apr 2020

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Saw that the fees per annum (advisory 0.65%, platform, fund) amounting to 1.**% for doing investments via MoneyOwl. Is that high?

If yes, why is it so high? What premiums am I paying for?

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Hariz Arthur Maloy

11 Apr 2020

Independent Financial Advisor at Promiseland Independent

Higher than DIY and receiving no advice.

But lower than traditional advisors who may charge sales charges, higher advisory fees, and more expensive fund tools.

And this has nothing to do with MoneyOwl, but note that cheaper doesn't always mean better advice or results, neither thus more expensive mean worse advice or results.

Make sure you understand what you're paying for and the value of that cost.

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