Syfe clients get to enjoy an all-inclusive pricing and attractive benefits across all the products (Managed Portfolios, Cash Management and Brokerage) based on a simple tiering system, with effect from 01 February 2024. Syfe strongly believes in keeping fees low to accelerate our clients' wealth-building journey.

At first glance

• Managed Portfolios: management fees between 0.25% and 0.65% p.a. (per annum) 
• Cash Management: management fees between 0.05% to 0.20% p.a. for Cash+ Flexi, and no management fees are charged for Cash+ Guaranteed 
• Brokerage: competitive trade fees vary depending on the markets
  • US: unlimited free trades for the first 3 months of usage, and at least 2 free trades per month thereafter. After using up your free trades, pay low fees between US$0.99 to US$1.49 per trade. Diamond-tierd users continue to enjoy unlimited free trades 
  • Singapore: while there’s no free trade for SG, clients get to enjoy low fees between 0.04% to 0.06% of trade value (with a min of S$1.98 per trade)

Net worth and net invested amount

• Net worth is the total value of assets you have with Syfe, across Managed Portfolios, Cash Management, and Brokerage
• Invested amount, or net deposits, is simply how much you’ve deposited minus how much you’ve withdrawn, across all Syfe products and investments  

Pricing tiers

• The pricing tiers, and their corresponding fees and benefits, are determined by the higher of two above-mentioned values: your “net worth” or invested amount. (Note: All values, including Brokerage holdings in USD, will be converted to their SGD equivalent to determine your pricing tier.)
• This is to ensure that you can benefit from our pricing and maintain low fees on your investment, whether you’re a new customer just starting to build up assets with us, or an existing customer whose assets have grown substantially since your initial investment.
• The tier requirements are 

• Each pricing tier has specific management fees and commissions / charges for the set of products and features we offer. Please refer to our pricing for more details
• Your net worth, as comprised of the values of investment assets, does fluctuate with market movements 
• Your invested amount is only impacted by your cash flow decisions. For example, as you deposit more capital into your portfolios, your invested amount increases. It decreases when you withdraw the funds to your bank accounts. Internal transfers (between Managed Portfolios, Cash Management, and Brokerage) do not affect your overall invested amount used for tier calculation 
• For Managed Portfolios and Cash Management:
  • Every day, we recalculate your net worth and invested amount based on available data, for performance reporting, and also to accurately reflect your appropriate pricing tier. Fees are calculated on a daily basis based on your current tier and deducted from each of your portfolio’s cash balances at the end of each month. Learn more about portfolio cash balances here.
  • As fees are calculated daily based on each portfolio's net asset value (NAV) for that day, you pay only for the days your money was managed by Syfe. 
• For Brokerage: 
  • Based on your assigned tier as determined above, we allocate the number of free trades and calculate the fees per trade (if applicable) accordingly 

Example

• You deposit S$40,000 into Managed portfolios, and dollar-cost-average another sum of S$9,000 over time. Your invested amount is S$49,000 and you’re in the Blue tier. 
• Your investments appreciate in value and your net worth increases to S$50,000. You get automatically upgraded to Black tier as your net worth (the higher value) is used for tier qualification. (However, if your investment value drops below S$50,000 your tier will regress to Blue).  
• Your invested amount is still S$49,000 since you’ve not made any more deposits, but also haven’t withdrawn
• You deposit another S$1,000 and your invested amount is S$50,000. In the meantime, due to a market correction your net worth declines to S$49,990. While this doesn’t meet the tier requirement, the higher of two values (invested amount) still keeps you qualified for Black tier 
• Please note that in order to maintain accurate calculations, it takes at least one business day for your numbers to be reflected. For example, you have deposited S$49,000 (Blue tier) and just added another S$1,000 to qualify for Black tier, even though the additional S$1,000 has been identified in our system, it will take at least one business day to reflect your new tier (Black) as there are pending investments or verifications to be settled and accounted for. 

Where can I see the fees I have paid?

• To view the details of your fees paid, you may click on any of your Syfe Managed portfolio(s) and scroll to the "Fees paid" section
• For any paid trades, the fees are fully reflected in the order preview page, and also in your trade confirmations sent via email after the trade is executed 
• For new Syfe clients with an ongoing promo / fee waiver, your corresponding tier is still displayed under your account information, but fees are waived. E.g. if you're a new Syfe user depositing S$50,000 and qualified for Black tier, you will see the tier reflected accordingly. Your fees are waived (based on the corresponding terms and conditions) until the promo is over.