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At Shares, we are committed to ensuring transparency and clarity regarding the fees associated with investments on Shares Pro. This article outlines the various fees that may apply to transactions depending on the type of investment account.
Custody Fee
The custody fee is charged by both Shares and Wealth Managers to cover the costs of holding and maintaining the client’s investments. This fee is applied separately for each individual investment account within the client's portfolio.
Custody Fee Rate
Investment Account Type | Shares Fee | Wealth Manager Fee | Total Fee |
CTO | 0.3% (Fixed fee) | Up to 0.7% (Optional, from 0% to 0.7%) | Max 1% Min 0.3% |
PEA | 0.3% (Fixed fee) | Up to 0.1% (Optional, from 0% to 0.1%) | Max 0.4% Min 0.3% |
How is the Custody Fee Calculated?
The custody fee is calculated daily based on the value of the invested assets (excluding cash) in an account.
The applicable fee percentage is divided by 365 to determine the daily fee rate.
At the beginning of each month, the total custody fee for the previous month is aggregated.
Example of calculation:
Investment Value: €100,000
Shares Fee: 0.3%
Wealth Manager Fee: 0.5%
Total Fee: 0.3% + 0.5% = 0.8%
Daily Fee Calculation:
Shares Fee Calculation:
Daily Rate: 0.3% / 365 = 0.00082192%
Daily Custody Fee: €100,000 * 0.00082192% = €0.82 per dayWealth Manager Fee Calculation:
Daily Rate: 0.5% / 365 = 0.00136986%
Daily Custody Fee: €100,000 * 0.00136986% = €1.37 per day
Total Daily Fee:
€0.82 (Shares) + €1.37 (Wealth Manager) = €2.19 per day
Monthly Fee (30 days):
Shares Fee: €0.82 * 30 = €24.60
Wealth Manager Fee: €1.37 * 30 = €41.10
Total Monthly Fee: €24.60 + €41.10 = €65.70 for the month
Advisory Fee
The advisory fee is charged exclusively by Wealth Managers to cover the costs of providing personalized investment advice. This fee is applied at the Investment Plan level, allowing for varying fees for each individual Investment Plan within the portfolio. As opposed to the Custody fee, where there is a Shares fee, the Advisory fee is only charged by the Wealth Manager.
Advisory Fee Rate
Investment Account Type | Shares Fee | Wealth Manager Fee | Total Fee |
CTO | 0€ | Up to 1% (Optional, from 0% to 1.0%) | Max 1% |
PEA | 0€ | Up to 1% (Optional, from 0% to 1.0%) | Max 1% |
How is the Advisory Fee Calculated?
The advisory fee is determined daily, using the daily value of the invested assets (excluding cash).
The applicable fee percentage is divided by 365 to calculate the daily rate.
At the start of each month, the accumulated advisory fee for the previous month is collected.
Example of calculation:
Investment Value: €100,000
Wealth Manager Fee: 0.5%
Total Fee: 0.5%
Daily Fee Calculation:
Daily Fee Rate: 0.5% / 365 = 0.00136986%
Daily Advisory Fee: €100,000 × 0.00136986% = €1.37 per day
Monthly Fee (30 days):
Monthly Fee: €1.37 × 30 = €41.10
Service Fee
Service fees are charged by Shares for each execution of an Investment Plan as part of the standard execution costs. This fee is deducted directly from the Investment Plan amount. This is a fee applied by Shares for settlement, execution, and FX of the order - the Wealth Manager does not receive any of this fee.
Service Fee Rate
Investment Account Type | Shares Fee | Wealth Manager Fee | Total Fee |
CTO | 0.2% (Min €10) | 0€ | 0.2% (Min €10) |
PEA |
| 0€ |
|
How is the Service Fee Calculated?
The service fee is calculated dynamically for each execution of an Investment Plan.
For example, if your client has a monthly Investment Plan, the fee will be applied to each execution and deducted from the Investment amount accordingly.
CTO:
Investment Amount: €10,000
Shares Fee: 0.2% (Min €10)
Service Fee Calculation: €10,000 × 0.2% = €20
Total Fee Deducted for each execution: €20
PEA:
Investment Amount: €6,000
Shares Fee: 0.2% (for amounts over €5,000)
Service Fee Calculation: €6,000 × 0.2% = €12
Total Fee Deducted for each execution: €12
In case of any issues, our Support Team is here to help. Please contact us at support-team-pro@shares.io.