Fees on InvestSMART portfolios
Regarding management fees on Investsmart funds. Are there any other fees besides the management fee eg transaction fee. Thanks - Submitted by Bruce
The InvestSMART Diversified Portfolios use exchange-traded funds (ETFs) and these funds have fees internally. They are generally very small but they do come out of your return from that investment vehicle. This expense is typically known as the indirect cost ratio as it is a cost to the investor but not charged by the manager.
It's important to note, fees within ETFs are charged regardless of whether or not someone invests in those ETFs through one of our accounts or they hold the ETF directly themselves.