Sanlam Glacier

[Saba'a]

Have been offered a move to a small investment manager on the Sanlam Glacier platform but managed by the 3rd party investment manager.

Surely that means another layer of costs?

 

[supersunbird]

Probably does yes.

 

[Saba'a]

But hidden away it seems

 

[Saba'a]

Current PPS RA portfolio pathetic vs my OM RA.

Selling point is cheaper admin costs and better growth.

 

[supersunbird]

But hidden away it seems

Well, often times platforms don't charge fees on their own funds, but when you access other funds they do charge it. So thats the word you need to look out for, platform fees.

 

[supersunbird]

Current PPS RA portfolio pathetic vs my OM RA.

Selling point is cheaper admin costs and better growth.

Well, what is in the PPS RA?

My 10X RA has grown 12.36% from 1 Jan 2017 (aka year to date).

 

[TofuMofu]

Have been offered a move to a small investment manager on the Sanlam Glacier platform but managed by the 3rd party investment manager.

Surely that means another layer of costs?

Honestly though...avoid Sanlam. I had the Glacier RA and the costs are immense!

Moved to 10X.

 

[Saba'a]

Well, what is in the PPS RA?

My 10X RA has grown 12.36% from 1 Jan 2017 (aka year to date).

Moderately aggressive profile thus my shock at growth rates of 7 - 8%!
Yet my OM has done 19%!

 

[Saba'a]

Honestly though...avoid Sanlam. I had the Glacier RA and the costs are immense!

Moved to 10X.

Yep my worry but told costs would be 1.66% incl VAT and advice fees.

 

[Saba'a]

Suppose what is reasonable fee for managed RA.

 

[TofuMofu]

Yep my worry but told costs would be 1.66% incl VAT and advice fees.

10X is less than 1%

 

[Speedster]

10X is less than 1%

How does 10x compare with Satrix?

 

[Saba'a]

10X is less than 1%

Not a managed fund? Nor advice?

 

[supersunbird]

How does 10x compare with Satrix?

Well, 10X has one balanced fund (well a medium and low equity version if it too). Satrix has many funds, but in the Satrix retirement plan you can choose the Satrix balanced fund or the low equity fund. Obviously how the 10X and Satrix funds are constructed is different even if both are index fund based.

As per the Satrix Retirement Plan brochure:
Annual service fee: Satrix 0.25%
Annual administration fee: Glacier 0.50%
And then obviously you have the balanced or low equity fund internal fees expressed as a TER and TIC, but you wont see that on a statement (just like with any unit trust).
There TIC of the Satrix Balanced Fund unit trust is 1.03% as per their fact sheet

10X:
Annual annual platform or admin fee
There TIC of the 10X unit trust is 0.81%

My conclusion:
10X is half the cost (inside the unit trust that is) and no other fees.

 

[supersunbird]

Not a managed fund? Nor advice?

No, it is an index fund. No, 10X is not a financial advice provider.

And that fee they mention is the TIC (Total Investment Cost) inside the fund itself.

In your "1.66% incl VAT and advice fees" case it would be the TIC inside the fund/funds in the RA and then the 1.66% incl VAT fee on top of that.

 

[backstreetboy]

Still very happy with Sygnia and their online portal is amazing.

 

[Venomous]

Yep my worry but told costs would be 1.66% incl VAT and advice fees.

And how much or what % are the advice fee(s)?
Is that a once off? Annual? Monthly? Per transaction?

 

[zerocool2009]

Sygnia and Allan Grey (the way to go !)

 

[supersunbird]

Sygnia and Allan Grey (the way to go !)

And/or 10X and/or Coronation

 

[Saba'a]

And how much or what % are the advice fee(s)?
Is that a once off? Annual? Monthly? Per transaction?

Think its monthly. Will read the docs because even annually 1.66% is a hell of a lot.