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Pricing

How do Syfe Wealth investment portfolios pricing tiers work?

How are Syfe Wealth management fees calculated?

Syfe charges a simple, all-inclusive management fee of 0.35%-0.65% per annum on Syfe Wealth investment portfolios and 0.1% per annum on Syfe Cash+ Flexi as of 1 July 2023 (subject to prevailing GST, where applicable from 1 June 2023). Your Syfe Wealth investment portfolios management fee rate will depend on your Syfe pricing tier.

To estimate your monthly management fees, you may check out our Fee Calculator.

How do Syfe Wealth investment portfolios pricing tiers work?

Your Syfe Wealth investment portfolios pricing tier, and corresponding fees, are decided by the higher of your total assets under management (AUM) or total invested amount across all investment portfolios, which includes Syfe Core, Syfe Select, Syfe REIT+ and Syfe Income+ portfolios. Please take note that the value of your total portfolio AUM may fluctuate due to market movements.

The total invested amount for Syfe Wealth portfolios is calculated as all cash inflows minus cash outflows.

Any funds transferred from your bank account into your Syfe Wealth portfolios are considered cash inflows, while any withdrawals paid out to bank account are categorised as cash outflows. The value of your total assets under management is your portfolio current value (reflected as 'Current value' in your dashboard).

Kindly note that any amount invested in Syfe Cash+ Flexi and Cash+ Guaranteed does not contribute to your overall assets under management (AUM) when determining your Syfe pricing tier.

You may wish to find out more on Syfe pricing tier here.

How are the fees calculated and charged?
Fees are calculated on a daily basis 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.

Where can I see the fees I have paid?
To view the details of your fees paid, you may click on your Syfe Wealth portfolio(s) and scroll to the 'Fees paid' tab.
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Are there any other fees apart from Syfe's management fee?

ETF management fees (for ETF portfolios)

The ETF management fee across our Syfe Core portfolios averages 0.15 - 0.24%. ETF fees for Syfe Select portfolios may vary. For an ETF management fee of 0.15%, this amounts to around $1.50 per $1,000 invested each year. The fee is charged by the ETF manager and built in to the prices of the ETFs that we buy on your behalf.

Since it is not charged by Syfe, you will not see the ETF management fee deducted directly from your Syfe account.

Currency conversion

There is a 0.09% - 0.12% fee for currency conversion charged by our broker on the amount converted. This is applicable on SGD transfers made to Syfe portfolios where we need to buy or sell US dollars to trade US securities in your account.

To understand more about currency conversion and your portfolio, please find out more here.

SEC charges

The US Securities and Exchange Commission (SEC) charges a very small fee of 0.0008% on sell trades. This fee applies to portfolios other than Syfe REIT+. Syfe Cash+ Flexi and Syfe Cash+ Guaranteed for sell transactions only.

SGX clearing and trading access fees (For REIT portfolios)

The Singapore Exchange (SGX) charges clearing and trading access fees for trades executed on the SGX. These fees apply to our Syfe REIT+ portfolio only. SGX clearing fees are 0.0325% of the contract value and SGX trading access fees are 0.0075% of the contract value.

GST

Syfe has been a GST-registered entity since March 2022, and to-date, we have been absorbing the GST applicable to the services we provide to you. From 1 June 2023, Syfe will begin charging GST on Annual Management Fees.

GST is charged on your Annual management fee for all managed portfolios and is subjected to prevailing GST, where applicable, from 1 June 2023.

Income+ fund-level fees

Refer to the unified management fees of the constituent funds which are charged by the fund manager, in this case PIMCO.

Income+ net fund-level fees

Net Fund Level Fees of the portfolio is the weighted average of the net unified management fees of the constituent funds after accounting for rebates. For institutional share class funds, the gross and net fund level fees are the same. For retail/admin share classes, the net fund level fees are calculated by subtracting the unified management fees of the constituent funds with applicable trailer fee rebates which Syfe wholly passes on to its clients.

Trailer fee rebate

Trailer Fee Rebate is a fee that a fund manager pays intermediaries. The rebate is usually applicable when the fund’s share class is retail. Currently, Syfe passes on to clients any trailer fee rebates it receives for any of the constituent funds of Income+ portfolios.
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Do I have to pay commission charges or withdrawal fees?

Apart from Syfe management fees for Syfe Wealth portfolios, Syfe does not charge you transaction or brokerage fees. There are no sales charges, no withdrawal fees and no hidden charges as well, so you pay even lower fees.

Kindly note that other fees not charged by Syfe may also be applicable to your Syfe Wealth portfolios, learn more here.
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How do the pricing tiers work?
Pricing tiers are applicable for Syfe Wealth portfolios. The details below apply only to Syfe Wealth.
- For customers with under S$20,000 invested, their management fees are 0.65% a year, as our Syfe Blue client.
- If customers have between S$20,000 and S$100,000 invested, they pay a lower fee of 0.5% a year, as our Syfe Black client.
- Customers with over S$100,000 invested pay 0.4% a year as our Syfe Gold client. They may also join our Syfe Platinum service when they invest over S$500,000 to enjoy even lower fees of 0.35% per annum.
The above applies only to our investment portfolios.

Your Syfe client tier, and corresponding fees, are decided by the higher of your total assets under management (AUM) or total invested amount across all portfolios. Please take note that the value of your total portfolio AUM may fluctuate due to market movements.

In very rare cases, a client's tier may change if market movements result in the AUM falling below the invested amount.
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Is GST applicable on Syfe Wealth management fees?

As of 1 March 2022, Syfe is a GST-registered entity. Goods & Services Tax (GST) imposed by the Singapore government is at the prevailing rate of 7%.

However, Syfe absorbs the GST for our customers in order to keep fees low.

Here is a quick overview of our pricing tiers.

As of 1 July 2023, Syfe charges a management fee of 0.1% per annum on Syfe Cash+ Flexi (subject to prevailing GST, where applicable from 1 June 2023) based on the higher of assets under management or invested amount .
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