Showing working is essential or it’s practically meaningless
Opened my EI account last year as wanted to buy some Vanguard ETFs, bought some more (GBDV, TDGB, ISF, DHS, SPX5, EQQQ…) and rebalanced a couple of times. My average portfolio TER is 0.16%. All of a sudden I’ve ended up with 0.87% costs and charges (0.16% ongoing charges + 0.40% transaction costs + 0.31% some other fees, not a clue = 0.87% Cumulative effect of costs and charges on return!!!
No idea what’s happening and who’s charging me these fees. Some clarification from the EI team would be very much appreciated.
Hi, thank you for getting in touch. You may find the information about charges included to the report here: What information does the Annual Costs and Charges Report include? – InvestEngine
Thank you so much @Paul_M. I see that transaction costs (commissions etc.) incur when buying or selling ETFs, but where are the specific numbers, please? 0.71% transaction / spread costs on top of the average TER for my Vanguard & iShares ETFs for a once per day bulk dealing service, seems quite steep now. The information on your website is really vague: ‘The average impact of market spread for our portfolios is 0.07% a year’ and I’m not sure if the whole exercise was worth it. Basically, I had to stay here / use your platform for 12 months in order to receive the ‘transaction cost’ information, which is still not ETF specific.
I would prefer more transparency, please. Have a good day! 