Regular Shares Savings Plans (RSS/RSP)
Asked on 26 Jul 2020
Planning to do ETF RSP on FSM but realized they charge platform fees although not sure if that applies to ETF RSP.
From their site:
“0 – S$300K AUM – 0.0875% per quarter
S$300K AUM – 0.05% per quarter”.
Does anyone know if the platform fees are charged on ETF holdings invested via RSP? If so, FSM might not be as dirt cheap as many claim, considering that robo advisors are charging annual fees of ~0.5 to 0.9% for more “services”.
The platform fee of 0.35% per annum is for their FSMOne managed portfolio. This does not apply for ETF RSP. As robo advisors are using ETF for their portfolio, it will only be wise to compare it with ETF RSP.
The difference between robo advisors and ETF RSP will be their fee structure. The former goes with AUM while the latter charges by transaction.
26 Jul 2020
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