Reduction in the annual administration fee on our investment platform
We are pleased to inform you that we will reduce the annual administration fee on our local investment platform for accounts with values of more than R1.5m, effective 1 August 2012.
How does this affect you?
If your total account value is more than R1.5m you will be charged a reduced annual administration fee of 0.20% (previously 0.50%) on the portion greater than R1.5m. The new fee structure will be applied on an account level for each of your individual accounts.
If you are only invested in Allan Gray unit trusts you will not be affected in any way, you will continue to pay no annual administration fee regardless of the value of your account.
If you would like to compare the fees that you are currently paying on other platforms to see exactly how much you will be saving with Investonline, please send us your latest statement and we will assess this for you.
For more information, please email us at info@investonline.co.za.