Anonymous

26 Jul 2020

∙

General Investing

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”.

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Tan Wei Ming

26 Jul 2020

Founder and Writer at Frugal Youth Invests

https://secure.fundsupermart.com/fsm/new-to-fsm...

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.

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How does annual fee work? lets assume 1% annual management fee of the equity that i buy and 0.5% platform fee. If I DCA 1000 dollars for 12 months vs lump sum 12k on January. is the fee same assuming no sales charge?

Which platform should I use to invest in global ETFs? Thinking of investing quarter-annually at about $3-5k for long term. Any advice?

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