I am quite pleased with Stashaway's mobile app and returns in the last 6 months (about 9% capital growth). However - their annual fee of 0.8% + 0.1% FOREX fees is high. Are there advisors who are cheaper in the long run if I were to do monthly SIP? - Seedly
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John Doe

Asked on 19 May 2019

I am quite pleased with Stashaway's mobile app and returns in the last 6 months (about 9% capital growth). However - their annual fee of 0.8% + 0.1% FOREX fees is high. Are there advisors who are cheaper in the long run if I were to do monthly SIP?

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    Hi John,

    Just jumping in to clarify some of points above. Our pricing structure ranges from 0.2-0.8% i.e the more you invest with us or as your AUM grows, the lower it gets.

    The 0.1% currency conversion fee is charged by our broker and is actually much lower than what you would get if you converted with your bank.

    If you'd like to save on your fees, you can also consider our referral programme here :)

    2

    John Doe

    John Doe

    23 May 2019

    Thanks Amanda. Have already referred 2 people and they signed up on StashAway. But I didn’t get referral promos as they forgot to use my code when signing in. Both of them are senior colleagues and it’s embarrassing for me to reveal or ask them more info on this. Unfortunately Stashaway Support couldn’t help without the above - not a problem of your support but I feel a bit pinched
    Amanda Ong

    Amanda Ong

    23 May 2019

    Hi John, can you send us an email at [email protected] (addressing it to me) with your StashAway registered email so I can check this out for you.
    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post
    John Doe

    John Doe

    Level 3. Wonderkid

    Updated on 19 May 2019

    Here is my analysis:

    ETF investment:

    Stashaway: 0.8% (p.a) + 0.1% (forex) + ETF fund mgmt. fees (0.2%)

    Autowealth: 0.5%(p.a) + 18$ paltform fee + ETF fund mgmt. fees (0.2%) + 0.1% (forex)

    unit trusts:

    Moneyowl: 0.65% (p.a) + 0.18% platform fee + fund Mgmt fees. (0.4%)

    Endowus: 0.6% (p.a) + fund mgmt fees (0.4% - 0.5%)

    Clearly the trend is between 1-1.2% p.a choosing either ETF or unit trusts. ETF's also have 30% tax on dividend which unit trusts don't.

    Cheapest seams to be Endowus under unit trusts and auto wealth for ETF's

    Many thanks

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post

    Quick one...

    SA's UX is slick (could get better) - it plays a minor decision in using them. But, as for tax on dividend, no choice here but "to pay to play"​​​

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post
    Mujimoro

    Mujimoro

    Level 5. Genius

    Answered on 24 Jun 2019

    What risk level are you running in StashAway?

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post