FSM quarterly platform fees are up to 0.35% annual platform fees on equities. Is FSM as cheap as we think? - Seedly
Seedly logo
Seedly logo
 

FSMOne Fundsupermart

Regular Shares Savings Plans (RSS/RSP)

Online Brokerages

Investments

Anonymous

Asked on 26 Jul 2020

FSM quarterly platform fees are up to 0.35% annual platform fees on equities. Is FSM as cheap as we think?

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”.

0 comments

1 answer

Answer Now

Answers (1)

Sort By

Tan Wei Ming
Tan Wei Ming, Writer at Frugal Youth Invests
Level 7. Grand Master
Answered on 26 Jul 2020

Https://secure.fundsupermart.com/fsm/new-to-fsm/pricing-structure

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.

2 comments

👍
0
Question Poster

26 Jul 2020

Thanks, this is helpful but am slightly confused as it seems under their Our Charges in their FAQ that all holdings/accounts will incur platform fees. https://secure.fundsupermart.com/fsm/advice-services/faq/3747/
Tan Wei Ming
Tan Wei Ming

26 Jul 2020

Probably because of it mentions equity fund, but they only charge platform fee for bonds, unit trust
Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post