Transferring UBS portfolio to IBKR

Investing / Brokers
1

Hello everyone,

I am considering moving my UBS my way portfolio to my IBKS account for obviously cost reasons.

Here is my financial situation as a new 65 y.old retiree:

  • MCHF 1 Asset.
  • UBS my way KCHF 850 portfolio allocation balanced, 22 ETFs, (TER 0,22%)
  • Withdrawing KCH 60 a year.
  • 0,0725% all-in-one fee
  • Portfolio cost KCHF 8,6. (7 months) with a ;
  • 8% return excl. management fees & tax.

What would be the lowest transfert cost (fees,tax) option:

1.- Selling each position, same day, or, over 3 months, transferring the liquidity considering the buying cost of KCHF 150-200 4-6 ETF (IBKS fee ?) aiming to simplifying portfolio management.

or

2.- Transferring the 22 ETF’s positions knowing that UBS will cost CHF 100.- each, (some may still need to be sold for incompatible reasons), considering the cost of selling (IBKS fee) 15 ETFs over 3 months.

Anyone who has experienced a similar case.

Thanks for sharing.

Cheers

2

Unless the positions are really small, my feeling is that doing a transfer is likely to win. (and 2k for transfer pays out in 1 or 2 months vs. UBS).

Once transferred the nice thing is that you can rebalance/sell/buy without being out of the market (unlike having to wait for settlement+transferring money).

1 Like
3

How did you come up with these costs? I calculate much lower costs at IB for buying US based ETFs. See below.

ib_fees
ib_fees2374Ă—428 24.8 KB

4

Is this a typo? I’d expect a much higher fee for UBS My Way.

And that would be about 1% of your portfolio in only 7 months.

4 Likes
5

Thank you nabalzbhf your feedback.

Transferring positions will still need 4 to 8 days to settle depending on the complexity.

Although, I agree transferring positions is probably the best option.

6

Hello gaijin, I was referring to consider in option 1 the cost of the IBKS fee when buying, building ( by using the KCHF 850 liquidity ) a portfolio with only 4 to 6 ETF.

IBKS fee for Switzerland are 0,05% (<=MCHF 50)

7

The traditional UBS Manage (not My Way) seems to mostly use mutual funds that can’t be transferred to another broker. UBS My Way also typically uses active funds, although that can be heavily customized. Are you sure that your portfolio actually consists of 22 ETFs and not maybe a mix of ETFs and mutual funds? If the latter, I’d suggest first figuring out how much of your portfolio is actually in (transferrable) ETFs. If it’s a relatively small part, option 2 may essentially be moot.

If transfer is possible for a large part of the portfolio, I would probably do that. If there are ETFs with a small allocation, you could consider transferring only the larger positions to reduce the transfer costs. Getting out from UBS relatively quickly (stopping the fee bleed) and the elimination of the risk of being out of the market would be worth the transfer fees to me.

If transfer is not possible for the most part, I would liquidate the UBS portfolio in multiple (3-4) steps to reduce the risk of being out of the market for a bit. That’s what a family member did for a discretionary mandate at another bank.

1 Like
8

Thank you for your detailed message.

It really help me

Have a great day.