SaxoSelect Service Fees
Service Fee Explained
There is an annual service fee for managing your investments via SaxoSelect. The fee is calculated daily, based on the current daily value of the portfolio, accumulated, and debited to your account at the end of each quarter on a pro-rata basis.
Below is an example of a calculation of a portfolio with an investment amount of CHF 100'000.00, with a service fee of 0.93%.
|Day 1:||The Portfolio value is CHF 100'000.00. The service fee is CHF 2.5479|
(CHF 100'000*0.0093) / 365 = CHF 2.5479
|Day 2:||Increase of the investment by CHF 50'000.00.|
The Portfolio value is CHF 150’000.00. The service fee is CHF 3.8219
(CHF 150'000*0.0093) / 365 =CHF 3.8219
The cumulative service fee charged for these two days is CHF 6.3698