What is included in the True Wealth asset management fee?
The annual management fee includes: Trading commissions, rebalancing, changes to the investment mix, risk tolerance calculations, deposits and withdrawals (except complex capital withdrawals for Pillar 3a), liquidations, custody account fees, the Swiss tax statement and the statutory VAT. For investment portfolios up to CHF 500'000, the management fee is 0.50%, for amounts exceeding this 0.25-0.50% (depending on the investment amount).
External product costs (TER) and federal stamp duties are not included. Advantageous conditions are applied for necessary currency changes: Markups of only 10 basis points or 10 pips (percentage in point) on the interbank rate, i.e. only approx. 0.10% in relation to the foreign currency transaction volume.