What does investing cost?
- Basic costs occur due to regulations and laws.
- Financial services typically have management fees.
- On top, you might also come across unwanted and hidden charges.
Have a look at the list below to learn the important difference.
1. Basic investment costs – taxes and rates
0.075-0.15% per transaction
The stamp duty is a Swiss tax that is paid whenever buying and selling investments. It only occurs when you make trades.
Currency exchange rate
Buying and selling investments in other currencies always comes with a cost, just like when you exchange money when you’re abroad.
This is the difference in prices which can occur when buying and selling investment products.
2. Management/service fee
This is a fee you pay to somebody for managing your investments that can be a fund, your bank, an asset manager or your favourite financial assistant.
3. Typical extra charges
Watch out for these hidden costs when selecting your provider.
- Custody fee
a fee you pay to your bank for holding your investments
- Trading fees
fees for buying and selling investments
- Entry fee
a fee to buy into an investment e.g. a fund
- Exit fee
a fee to sell an investment e.g. a fund
- Strategy adjustment fees
A fee which is charged if your strategy needs to change because of a change in your financial life
- Swiss tax statement
Producing a tax statement can often add an additional fee
- Pillar 3a payment confirmation
Producing a pillar 3a payment confirmation can often add an additional fee
How does Selma keep the costs low?
Selma works on keeping your costs transparent and low by:
- Charging all necessary costs under one monthly management fee
- Managing your money automatically
- Negotiating better fees with partner banks on your behalf
- Trading in the most efficient way to keep transaction costs to a minimum
Learn more about Selma service fee here.