Finpension invest – a new robo-advisor for non-3a ETF investments

Investing / Brokers
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I calculated fees with the following assumptions:

  • 10 year investment
  • 200k lump sum investment at the start
  • 2500 monthly deposits
  • 1.5% dividend yield for US
  • values without a calculation have been done with the FV formula
  • it’s likely the free savings plan offer from neon runs out when FWRA has reached a certain AUM threshold, so I included a variant including transaction costs
finpension DM finpension World Swissquote neon (savings plan) neon (normal)
Custody fees CHF 13’803.83 CHF 13’803.83 10 years × CHF 200 + 8.1% VAT = CHF 2’162 0 0
TER CHF 2’623.06 CHF 2’973.93 CHF 5’261.04 CHF 5’261.04 CHF 5’261.04
Transaction fees 0 0 (1 lump sum + 10 years × 12 months) × (CHF 9 + 2 + 0.85) = CHF 1’433.85 CHF 200’000 × 0.5% = CHF 1000 (CHF 200’000 + 10 years × 12 months × CHF 2’500) × 0.5% = CHF 2’500
Reclaimed US WHT CHF -5’922.88 CHF -5’261.04 0 0 0
Total CHF 10’504.01 CHF 11’516.72 CHF 8’856.89 CHF 6’261.04 CHF 7’761.04
Liquidation 0 0 CHF 9 + 2 + 0.85 = CHF 11.85 (CHF 200’000 + 10 years × 12 months × CHF 2’500) × 0.5% = CHF 2’500 (CHF 200’000 + 10 years × 12 months × CHF 2’500) × 0.5% = CHF 2’500

So the the difference between the best (neon savings plan) and the worst (finpension World) offer after 10 years is CHF 5’255.68, or about CHF 500 per year. Not that much of a difference, no?

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