Fees & Charges
What are AutoWealth Malaysia’s fees and charges?
- Management Fee: Management fees will be pro-rated and computed daily on the value of your account balance at the end of each market day. Management fees are 0.5% of AUM per annum (“Asset Under Management – AUM”). Management fees will be debited from your account balance at the end of each calendar quarter.
- Currency Conversion Spread Charge: A fee of 0.5% is applicable for currency conversion.
- Brokerage Processing Fee: Waived
These fees are transparent and designed to be cost-effective, ensuring that more of your money remains invested to help you achieve your financial goals.
Will I be charged a higher Platform Fee if I increase my investment amount or as my investment portfolio grows?
No, the Platform Fee is a fixed annual fee of RM 88, charged once per year and pro-rated quarterly, regardless of your investment amount or portfolio growth.
Do I have to pay any transaction fees?
No, AutoWealth Malaysia does not charge any transaction fees. However, please be aware that additional charges may apply for banking transactions, which will be borne by the investor. A service fee of RM 1 will be charged for each transaction via the FPX payment gateway.
