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How does Saxo Select compare to other investment accounts? Does anyone here have experience with Saxo Select which you are willing to share?
Hi there,
SaxoSelect is a robo advisor service which was launched by Saxo Bank in 2017. It is an online asset management service rather than a regular investment account.
Users can choose between 3 different investment portfolio strategies:
1. Defensive portfolio: Service fee of 0.85% plus TERs (fund fees) averaging 0.28% per annum (subject to change). Minimum investment: 20,000 francs. Low risk.
2. Moderate portfolio: Service fee of 0.85% plus TERs averaging 0.31% per annum (subject to change). Minimum investment: 20,000 francs. Medium risk.
3. Aggressive portfolio: Service fee of 0.85% plus TERs averaging 0.33% per annum (subject to change). Minimum investment: 20,000 francs. High risk.
Best regards from Moneyguru
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