I currently have an RA with Allan Gray and considering moving to Easy Equities. But after the ICE3x scandal, I'm really weary where I leave my money

backstreetboy

backstreetboy

Honorary Master
Joined
Jun 15, 2011
Messages
37,555
SergioDomngos said:
Thanks for the valuable input all.

So I'm looking at ETFs as I'd like to start utilizing my TFSA. It seems like Sygnia and EE have the same fees for the Sygnia MSCI World fund ETF. I see people saying one platform is more cheaper over the other?

I already use EE so really happy with them, but if Sygnia have cheaper fees, I'll be happy to move.

Looking at the MSCI World ETF, are these the explicit fees or are there fees that I am missing perhaps?

Sygnia fees: https://www.sygnia.co.za/fund/sygnia-itrix-msci-world

EE fees: https://etfs.easyequities.co.za/etf...3.1666592487.1624728658-1212434840.1624564263

Also looking at the S&P500, although I know they share alot of the same equities, I will look further into it when I establish a platform provider :)
Click to expand...
https://coreshares.co.za/fund/coreshares-total-world-etf/ and https://www.sygnia.co.za/fund/sygnia-itrix-s-and-p-global-1200-esg-etf/ is cheaper.
 
S

SergioDomngos

Active Member
Joined
Feb 6, 2017
Messages
92
Magandroid said:
I always refer back to this article for guidance on low-cost RA's. Gives a bit of insight in the various options available.
tigersonagoldenleash.co.za

Cheapest high equity RA in South Africa - Tigers on a Golden Leash

I decided to focus on the costs that we can control: fees in our Retirement Annuity (RA). So, today I want to help you pick the cheapest RA in South Africa.
tigersonagoldenleash.co.za tigersonagoldenleash.co.za
Click to expand...
Really well-written blog post. Thanks for providing it :) I think Sygnia might be worth moving to from AG.
 
S

SergioDomngos

Active Member
Joined
Feb 6, 2017
Messages
92
happyCoder said:
It's actually cheaper to have long term Sygnia ETFs on EE. Sygnia charges a platform fee that you do no get charged when you use EE. So once you make up the once of transaction fee you will be earning more on your investment
Click to expand...
I'm trying to find the platform fee but cant find it in the factsheets or help page. Any idea?
 
supersunbird

supersunbird

Honorary Master
Joined
Oct 1, 2005
Messages
60,142
SergioDomngos said:
I'm trying to find the platform fee but cant find it in the factsheets or help page. Any idea?
Click to expand...

There is a LISP/platform fee if one is with the one option of Sygnia (Alchemy or Boutique, I cant recall which is which) because you can also invest in some non-Sygnia funds, while the other one is Sygnia funds only and does not have that fee. Talking about unit trusts, it was clear on their old site, I do not know how this applies in terms of ETFs.
 
Speedster

Speedster

Honorary Master
Joined
May 2, 2006
Messages
21,684
SergioDomngos said:
I've been investing heavily in my AG RA. But this just means I've been investing into a local UT and let's face it, we dont have significant economic growth. So that got me thinking that I really should start maxxing my tax free allowance as it has international exposure.

I'd like to use EE as I use them a lot for US stocks. I will will probably invest into the TFSA MCSI or S&P500.

With the above thoughts, I figured I should just move my RA to EE (or 10x), and definitely invest in a TFSA (the way I have been with my RA).

This all to save fees and to invest in international exposure.

Sorry If im not making too much sense, feel like a airhead today :)

Edit 1:

Objectives:

- Move my RA from AG to 10x or EE where I am expecting to pay less fees. Also stop investing into RA.
- Start investing more into my tax free allowance like I would my RA. Looking to use EE or a good alternative where I know my investments will be safe for 30+ years...

Whew, that was easier :)
Click to expand...
Just a small note on this - AG balanced fund is about 30% offshore. Not much, but not nothing
 
H

happyCoder

Active Member
Joined
Jul 2, 2014
Messages
61
SergioDomngos said:
I'm trying to find the platform fee but cant find it in the factsheets or help page. Any idea?
Click to expand...
Seems like it is only for ETFs and ETNs.
It's on the main Sygnia RA page under Fees:


ETFs and ETNs
Administration fees are charged as follows when you invest in ETFs and ETNs on the Sygnia Alchemy Platform.

Minimum R500 per month. Of this amount, the minimum investment amount in any ETF must be R250.

Sygnia InvestmentsAnnual Administration Fee (excl VAT)
Value of all accountsSygnia Unit Trusts and Unitised Life FundsSygnia ETFsExternal Unit Trusts, ETFs and ETNs
First R2 000 0000%0.20%0.40%*
Over R2 000 0000%0.10%0.20%**


* 0.40% (excl. VAT) is levied on the proportionate value of the external-manager funds below R2 million.
** 0.20% (excl. VAT) is levied on the proportionate value of the external-manager funds above R2 million

Edit: I see ETFs are not used for thier RA's so Sygnia is probably best for that, but TFSA and other investments will possibly be cheaper to buy the Sygnia ETFs through Easy Equities.
 
S

SergioDomngos

Active Member
Joined
Feb 6, 2017
Messages
92
happyCoder said:
Seems like it is only for ETFs and ETNs.
It's on the main Sygnia RA page under Fees:


ETFs and ETNs
Administration fees are charged as follows when you invest in ETFs and ETNs on the Sygnia Alchemy Platform.

Minimum R500 per month. Of this amount, the minimum investment amount in any ETF must be R250.

Sygnia InvestmentsAnnual Administration Fee (excl VAT)
Value of all accountsSygnia Unit Trusts and Unitised Life FundsSygnia ETFsExternal Unit Trusts, ETFs and ETNs
First R2 000 0000%0.20%0.40%*
Over R2 000 0000%0.10%0.20%**


* 0.40% (excl. VAT) is levied on the proportionate value of the external-manager funds below R2 million.
** 0.20% (excl. VAT) is levied on the proportionate value of the external-manager funds above R2 million

Edit: I see ETFs are not used for thier RA's so Sygnia is probably best for that, but TFSA and other investments will possibly be cheaper to buy the Sygnia ETFs through Easy Equities.
Click to expand...
So on the Sygnia platform, the MSCI ETF fee is 0.58% according to the factsheet below, are you saying that the 0.20% (First 2mil) gets added onto that 0.58%?


The same ETF on EE is 0.69% in fees:

ETF Single

etfs.easyequities.co.za etfs.easyequities.co.za

Appreciate the help.
 
H

happyCoder

Active Member
Joined
Jul 2, 2014
Messages
61
SergioDomngos said:
So on the Sygnia platform, the MSCI ETF fee is 0.58% according to the factsheet below, are you saying that the 0.20% (First 2mil) gets added onto that 0.58%?


The same ETF on EE is 0.69% in fees:

ETF Single

etfs.easyequities.co.za etfs.easyequities.co.za

Appreciate the help.
Click to expand...
That's the way I understand it but have not looked at it in depth.
EE will charge you a fee when you buy an etf and sell while Sygnia will charge you a fee continuously. You will have to graph it out to figure out how many years it will take for it to be cheaper on EE. It's probably not enough to worry too much about it
 
You must log in or register to reply here.
Top