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Our investors are the legal owner of the holdings in their account. 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.
You will incur brokerage when we have to trade (buy or sell) holdings. We make trades for these reasons:
Creating your portfolio and buying holdings
Adding funds to your account and buying holdings
When rebalancing your portfolio, so it stays in line with the portfolio objectives. Rebalancing may involve the buying of some holdings and the selling of others.
You are withdrawing funds from your account and selling holdings to free up cash for the withdrawal.
Closing your portfolio and selling all holdings.
InvestSMART has negotiated wholesale brokerage. It's the greater of $4.40 per trade or 0.088% of the trades' value to buy or sell the securities within your portfolio. There are up to seven holdings in each portfolio. You can see each portfolio's holdings by going to Key Facts > Allocations > Current Holdings on each of the portfolio's product pages.
For example, $1,000 acquisition of share ABC = $4.40 but $10,000 acquisition of share ABC = $8.80 It is important to note that our investments are not actively trading, and we do not receive a cent of the costs associated with trading.