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Our investors are the legal owners of the holdings in their accounts. As we open a brokerage account on your behalf, your investments are registered in your name with CHESS. Because of this, there are brokerage charges.
Buy-Side Brokerage
InvestSMART applies a flat 0.11% administration fee, which covers all buy-side brokerage costs. This fee also supports ongoing enhancements to our platform and investment tools, ensuring a seamless and high-quality investing experience.
This means you will not incur additional brokerage charges when:
Creating your portfolio and buying holdings
Adding funds to your account and buying holdings
Rebalancing your portfolio (buying holdings to maintain portfolio objectives)
Sell-Side Brokerage
You will still incur brokerage fees when we sell holdings, which happens in the following scenarios:
Withdrawing funds from your account and selling holdings to free up cash for the withdrawal
Closing your portfolio and selling all holdings
Rebalancing your portfolio (selling holdings as part of the process)
InvestSMART has negotiated wholesale brokerage rates for sell-side trades: the greater of $4.40 per trade or 0.044% of the trade's value. Each portfolio contains up to seven holdings, and you can view them by navigating to Key Facts > Allocations > Current Holdings on each portfolio’s product page.
For example:
A $1,000 sale of share ABC incurs a brokerage fee of $4.40
A $20,000 sale of share ABC incurs a brokerage fee of $8.80
It is important to note that our investments are not actively traded, and we do not receive any portion of the costs associated with trading.