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Savings Investments Regular Shares Savings Plans (RSS/RSP)

Anonymous

Posted on 22 Dec 2020

What should I do about my regular savings plan I have with IFAST?

Currently have a savings plan with IFAST at $200 per month that has been going for 2 years. P&L according to their website says +$500. Realised I have paid $66 in wrap fee to the platform which is 0.4% deducted quarterly. My advisor has not been in contact with me since i started the plan so I feel like I am paying the fees for nothing? Should I consider changing to something like Stashaway for lower annual fees and more transparency? Thanks in advance to anyone who answers

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Discussion (1)

J

Jesslyn

Level 14. Grandmaster

Posted on 22 Dec 2020

Based on your sharing , yes time to disolve the plan and move on . High fees plus poor service is a no go, might As well go through a robo advisor

1

Question Poster

23 Dec 2020

Thanks for answering! Hopefully I can navigate through this and get back on track for my investing journey.

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