- Simplification of the portfolio price model by abolishing staggered prices
- Free online transactions
On 1 January 2019, the new price and service list of Fondsdepot Bank will enter into force for portfolio holders affiliated via pools and independent financial intermediaries. After five years of price stability, the portfolio models have undergone a fundamental overhaul and been designed to be clearer.
From January 2019, the new "Fondsdepot Online" will be available as a flat-fee model at the fixed price of EUR 30 a year including all online transactions - for minors even free-of-charge. The fund portfolio will continue to be available to clients for commissioning offline transactions. Irrespective of the number of fund types held in the portfolio, a portfolio management fee of EUR 55 p.a. will be charged for this portfolio model in future. In addition to the portfolio management fee, a transaction fee of EUR 5.00 per purchase and sale order will be charged in the case of offline orders. Savings plans and payments for employer-supported capital accumulation are excluded from the offline transaction fees.
Holders of the fund portfolio who activate the digital receipt of portfolio statements and other notifications of Fondsdepot Bank via their electronic mailbox benefit from a discounted portfolio management fee of EUR 50.00 annually. "Fondsdepot Bank is increasingly subject to statutory and supervisory requirements, which result in considerable additional costs for portfolio management," says Sebastian Henrichs, CEO of Fondsdepot Bank. "Against this background, we were forced to adjust the prices for selected types of portfolio and services in order to be able to provide the quality our clients expect sustainably. Apart from this, we will continue to invest in our platform to expand it to the benefit of our B2B partners and clients."
An overview of the most important changes:
Previous portfolio fees in EUR (flat fee without transaction fee)
| Fund custody account | up to three funds | from four funds | Maturity |
|---|---|---|---|
| Offline | EUR 30.00 | EUR 45.00 | annually |
| Online | EUR 20.00 | EUR 35.00 | annually |
Portfolio fees from 1/1/2019
| Fund custody account | Portfolio fee in EUR | Maturity |
|---|---|---|
| Offline with InfoManager | EUR 50.00, plus EUR 5.00 per partial order | annually |
| Offline without InfoManager | EUR 55.00, plus EUR 5.00 per partial order | annually |
| Online | EUR 30.00 without transaction fee in the case of pure online use | annually |
With around 9000 funds from a total of 300 investment management companies, clients benefit from the great diversity from one source. Furthermore, Fondsdepot Bank is one of the few platforms on the market that does not charge any transaction costs for online portfolio management. Henrichs is convinced by the changes: "We provide our B2B partners with attractive products for their business success with our portfolio models. With Fondsdepot Online, we are one of the most affordable providers on the market. But offline clients who place their transaction orders via their advisors are also exempted from offline transaction fees. We want to reinforce the advisor's position in this way."
