- How much do I have to pay for investing?#
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Finletic charges you an annual investment management fee. This fee is calculated based on the amount of money managed daily applying these cumulative bands: 0.6% from €0 to €100,000, 0.5% between €100,001 and €500,000 and 0.4% from €500,001 upwards. VAT will be added to the fee and this will be paid monthly.
Moreover, as with any other entity, you must pay for the management of your investment funds.
Finletic takes advantage of its business volume to negotiate excellent conditions for you. You can save up to 93% on costs, compared to the average costs of the investment funds marketed in Spain. See below.
Average portfolio implementation cost for an individual investor:
- WITHOUT Finletic - Money Market: 0.25%, Fixed income: 1.04%, Variable Income: 1.82%
- WITH Finletic - Money Market: 0.09%, Fixed Income: 0.15%, Variable Income: 0.13%
Average costs of Money Market, Variable Income and Fixed Income for retail Spanish investors in 2020, according to Morningstar. The average cost for each class of asset held by Finletic is calculated using the average OCF (Ongoing Charge Figure) of the investment funds that are currently held in the portfolio.
Finally, your investment portfolio is in a securities account under your name in Inversis bank and separate from your balance sheet. Inversis charges you 0.10% plus VAT annually on your average balance, settled quarterly pro rata.
Your current account does not have any maintenance, brokerage, subscription, refund, fund transfer or national transfer fees. You only pay 0.2% if you make a transfer outside of the euro zone (with a minimum of €9 and a maximum of €100).
