Andi can be Believed to become lucky. The assets of CHF 50'000 is too low to make it of a private Bank to manage. He chooses, therefore, a Robo-Advisor, which invests its money due to its risk appetite and cost-effectively in a passive Fund. Happy because the offers of such a digital asset Manager can easily and transparently compare.
profile 1 Andi up-and-coming
Andi up-and-coming (30) earns well and drives its wealth creation, the targeted long-term equity investments. The private account, he's of little use to payments and Cash withdrawals are in the focus. As a Millennial, he relies on a Robo Advisor, and in retirement his focus is on shares. In addition, he is recurring in the case of an Online Broker.
income: 100'000 Swiss francs
private account: 5000 Swiss francs
Trading: custodian value of 50'000 Swiss francs
credit card: Sets his standard card, and a
assets under management: 50'000 Swiss francs
column 3a: Fund with the highest possible percentage of shares
much more difficult is it for Rita Honest and Siegfried will be Sure to find a cost-effective asset managers. Your assets and -0.5, respectively. 1.5 million francs would you like to have from a traditional Bank manage. Many institutions do not make their conditions but to the public, which complicates a comparison.
profile 2 Rita Redlich
Rita Redlich (45) has become established in a company, your salary is approaching the maximum level. You could put some of it on the page, you can manage the money from one asset Manager. From time to time, you are stock. The private account uses you again and again. Your investment style is more cautious in the third column you preferred defensive Fund.
income: 200'000 Swiss francs
private account: 40'000 Swiss francs
Trading: custodian value of 100'000 Swiss francs
credit card: Sets your gold card occasionally, a
assets under management: 500'000 Swiss francs
column 3a: funds with equity share of up to 40 per cent
This lack of transparency makes it impossible even in the context of this article, a comprehensive comparison of the asset managers. This episode of the series "financial Checks" shows a selection of Offers. They show the extent to which the fees of asset management mandates may differ. It's an individual comparison.
profile 3 Siegfried Safe
Siegfried Safe (60) is approaching Retirement and has reached the highest salary level. His private account he uses brisk, especially for payments. The investment horizon is shorter, he focuses on safety – both in its assets as also in the third pillar, where he only has interest accounts. In the case of his / her Online Broker, he holds a few shares and ETF's.
income: 300'000 Swiss francs
private account: 50'000 Swiss francs
Trading: custodian value of 250'000 Swiss francs
credit card: Continues its platinum card is often a
assets under management: 1'500'000 Swiss francs
column 3a: Exclusively interest accounts
In the case of the digital asset managers, the fees of most providers in a narrow frame to move. This is because the flat-rate fees that are a percentage charged to the managed assets, which do not differ significantly. Among the most cost-effective providers in this area of the Robo-Advisor, a pioneer in True Wealth, the insurer Elvia and the Investomat the Glarner Kantonalbank.
Selected asset management offers compared
table to enlarge
Significant differences in Charges are to be found mainly in the asset management mandates. Both Rita Redlich as well as Siegfried, Certainly could save more than half the cost, if you would switch from the most expensive to the cheapest offer. In the case of both the savings Bank is located Schwyz with your ETF mandate in the front. On the other side of the spectrum UBS Managed Advance (fees 8250 francs) shunting at Rita's in good faith, and in the case of Siegfried Safely Raiffeisen Classic Portfolio (21'000 Swiss francs).
"The cost is the main decision-making criterion when it comes to choosing the right asset management," says money of the country, the managing Director of Benjamin Manz. Because high fees would have an impact on future returns are always negative. "It is not surprising, therefore, that private banks will announce their terms, often only on request," says Manz. In General, the fees of the private banks are higher than those of retail banks.
Where more cost-lurking
An often underestimated cost drivers are the fees for the products used. While these are in the ETF mandates, or Robo-Advisors are almost negligible, can the product cost, the use of expensive, actively managed investment funds beat significantly to the book. "This is particularly questionable, because the customers pay twice for the management of their assets," says Manz.
in addition, banks can charge their wealthy clients a whole range of other charges, custody fees, account management fees (foreign currency accounts), or exchange fees when you purchase equipment outside of the Swiss franc. Such costs are not shown in the comparison, because the height strongly depends on the activity in the management of the assets.
get the most attractive offer, advises Manz, to be informed prior to the conversation with the customer consultant and obtain offers. Larger assets can be traded, the fees banks often down.
(financial and economic)
Created: 10.12.2018, 15:51 PM