What are the fees associated with StashAway?
The annual management fee is calculated as a percentage of the total assets under management, ranging from 0.2% to 0.8%, and is charged monthly on a pro-rata basis. For example, if you invested on the 15th of a particular month, we will not charge you for the first 15 days.
The other fee included is the low fee associated with the ETFs, averaging 0.15% to 0.25%.
Additionally, there is a currency conversion fee charged by our vendor, at 0.08% on top of the spot rate. This preferential rate compares favourably against the significantly higher currency conversion fees charged by commercial or retail banks (can easily be in excess of 1% depending on transaction size).
Unlike most traditional financial managers, we do not (and never will) charge for withdrawals or account closures.
More details on how StashAway can charge low fees can be found here.