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% - 0.8%, and is charged monthly on a pro rata basis. The other fee included is the low fee associated with the ETFs, averaging 0.15% - 0.25%.
Additionally, there is a currency conversion fee charged by the broker, at 0.1% of the transaction amount. This preferential rate compares favorably against the significantly higher currency conversion fees charged by commercial / retail banks (easily between 0.35% and 0.70% 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.