With both Brokerage and Select Custom (part of Syfe Portfolios), you get access to a broad range of ETFs. Deciding between the two options? Here are some differences to take note of.

Pricing

With Brokerage, you pay a flat fee of US$1.49 for US stocks and ETFs (US$0.99 for the first 3 months) and 0.06% of traded value (min. S$1.98) for Singapore stocks, REITs, and ETFs. Learn more about Brokerage pricing here.

With Select Custom, your management fee depends on your portfolio value and ranges between 0.35% - 0.65% per year, depending on the pricing tier you are at. For example, with a $10,000 investment in your portfolio, your monthly fee is SGD$5.42. You may use our Fee Calculator to estimate your monthly management fees or learn more about Syfe Portfolios pricing here.

Choice of ETFs

At the moment, you can only buy and sell US-listed stocks and ETFs and SG-listed stocks, ETFs, and REITs on Brokerage.

Select Custom offers a broader range of ETFs such as those domiciled in Ireland e.g. iShares Core S&P 500 UCITS ETF (CSPX). UCITS ETFs offer certain withholding tax advantages compared to their US-listed counterparts.

Portfolio management

Brokerage is a self-directed brokerage platform. To invest in Brokerage, you will need to execute your own trades. Dividends are also not reinvested for you; they are credited directly to your Brokerage account. 

Select Custom is an automated, fully-managed portfolio that helps you manage your investments:

• There's no need to execute your own trades as Syfe will do the investing for you once you've transferred funds
• Dividends are automatically reinvested, free of charge
• You can include up to 8 ETFs in one Select Custom portfolio and determine your asset allocation
• You can set up a recurring transfer to your Select Custom portfolio for regular investing. If you've added 8 ETFs to your portfolio, you'll be able to invest in all of them at once
• With Select Custom, you get access to Syfe's wealth experts