thumbelina
Registered User
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- 56
Hi,
I am considering opening an account for some buy and hold ETFs and I was looking to compare the total charges between Davy and SAXO.
The conventional wisdom seems to be that Davy are very expensive but when I run the numbers it looks like they are broadly the same.
I would be interested in getting second opinions please to see if there any any charges I have missed.
Using this document from Davy I estimate the charges to be:
Using and I estimate the charges to be:
Even ignoring the inactivity charge with SAXO makes the SAXO cost €850 which is just a shade cheaper than Davy. Where SAXO seem to hit you is the annual custody charge.
How do those numbers look - any mistakes in the calculations?
I am considering opening an account for some buy and hold ETFs and I was looking to compare the total charges between Davy and SAXO.
The conventional wisdom seems to be that Davy are very expensive but when I run the numbers it looks like they are broadly the same.
I would be interested in getting second opinions please to see if there any any charges I have missed.
Using this document from Davy I estimate the charges to be:
- 0.5% - Commission charge (one-off)
- 0.1% - Overseas ETF charge (one-off)
- €25 - Overseas Custody charge (one-off)
- €20 - Quarterly account maintenance charge (quarterly)
Using and I estimate the charges to be:
- 0.1% - Commission charge (on say the XETRA exchange) (one-off)
- 0.12% - Custody charge (annual)
- €200 - inactivity fee (annual) (first year = €100)
Davy | Purchase | Maintenance | Inactivity Fee | |
Year 1 | €625.00 | €80.00 | €- | |
Year 2 | €- | €80.00 | €- | |
Year 3 | €- | €80.00 | €- | |
Year 4 | €- | €80.00 | €- | |
Year 5 | €- | €80.00 | €- | |
€625.00 | €400.00 | €- | €1,025.00 |
SAXO | Purchase | Maintenance | Inactivity Fee | |
Year 1 | €100.00 | €150.00 | €100.00 | |
Year 2 | €150.00 | €200.00 | ||
Year 3 | €150.00 | €200.00 | ||
Year 4 | €150.00 | €200.00 | ||
Year 5 | €150.00 | €200.00 | ||
€100.00 | €750.00 | €900.00 | €1,750.00 |
Even ignoring the inactivity charge with SAXO makes the SAXO cost €850 which is just a shade cheaper than Davy. Where SAXO seem to hit you is the annual custody charge.
How do those numbers look - any mistakes in the calculations?