Review Your Investment Fees Today
When was the last time you reviewed your Investment Fees?
Investing is one of the most powerful ways to grow your wealth over time. However, hidden and excessive fees can quietly eat away at your returns, reducing your financial progress. When was the last time you reviewed your investment fees? If it’s been a while—or never—it’s time to take a closer look.
The silent wealth killer: Investment Fees
Many investors focus on returns but overlook the impact of fees. Whether you invest in mutual funds, ETFs, or a managed portfolio, there are often underlying costs that may not be immediately apparent. These include:
Expense Ratios are the annual cost of managing a mutual fund or ETF, typically expressed as a percentage of your assets. If your portfolio does not have ETFs, ask your advisor why.
Advisor Fees: Financial advisors charge fees, either a flat fee or a percentage of your assets under management (AUM).
Trading Costs: Commissions and bid-ask spreads that can accumulate, especially in actively managed accounts.
Account Maintenance Fees: Some brokers charge fees simply for holding an account with them.
Why reviewing your fees matters
Even a small difference in fees can significantly impact your long-term returns. Consider this: a 1% annual fee may not seem like much, but over 30 years, it could reduce your portfolio’s value by tens of thousands of dollars—or more. Lowering fees allows more of your money to remain invested and compounding over time.
How to review your Investment Fees
Check Your Statements: Review your investment account statements or prospectuses to identify fees.
Compare Alternatives: Look for lower-cost options such as index funds or robo-advisors that offer competitive pricing.
Negotiate With Advisors: If you have a financial advisor, discuss their fee structure and consider negotiating lower rates.
Use Fee Calculators: Many online tools allow you to estimate how fees impact your long-term returns. Calculate your fees by visiting here.
Consider Fee-Based vs. Commission-Based Advisors: Fee-only advisors may provide more transparent pricing compared to commission-based advisors, who may have hidden incentives.
Take action today
Your investments should be working for you—not for excessive fees. By taking a proactive approach, you can maximize your returns and reach your financial goals faster. If you’re unsure where to start, consider reaching out to a financial professional who prioritises transparency and low-cost investment strategies.
Check out what you can save with small changes.
Want to know if and how we can help you? Get in touch!
By completing this form you are giving consent for us to use your data to contact you directly about the services we can provide. Your data will be kept securely and won’t be passed on to any third parties. After the initial contact is made, if you do not become a client, this data will be destroyed. You can read more about this here.