Asked on 19 May 2019
Amanda Ong, Head Of Client Experience & PR at Stashaway
Updated on 07 Jun 2019
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 :)
23 May 2019
23 May 2019
Here is my analysis:
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)
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
Pascal S, MBA Graduate at Singapore Management University
Answered on 03 Mar 2020
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"