SMA charges

TradeSocio NewUX Investor Experience

There is a number of different types of fees and charges that you may need to pay to the while investing.

Review charges

You can check the prices of each fund in information pop-up. Click on info sign in the top right corner of the SMA module.

You will also be able to review the charges before starting new investment.

Charges can be charged only to broker or only to fund manager, or for both at the same time depending on the settings for each fund individually. If the same type of charge is set for both broker and fund manager, then you will see the total amount as a brokerage charge.

Charges are deducted from the balance of allocation.

Deducted charges are deposited in broker virtual wallet account. Fund manager can see his part of the revenue amount in his Funds Admin module and is be able to send a withdrawal request to the broker.

Types of charges

Type	Mode	Frequency	Example
Subscription fee	Percentage (%) of the allocated amount	Once, at the time of investment	If broker SF is 1%, fund manager SF is 2%, then total investor charge 3%. If Investor allocates 1,000 USD, he will be charged -30 USD at the time of investment and equity of allocation will be 970 USD.
Management fee	Percentage (%) of the balance or equity of the allocation, estimated as an annual charge	At the time of investment and then on monthly basis at the set date & time defined by broker	If broker MF is 0.5% and fund manager MF is 0.5%, then total investor charge 1%. If investor allocates 1,000 USD then his charge: 1,000 * (1% / 12) = 0.83 USD will be deducted at the time of investment. If the balance/equity of the next month deduction time is 1,500 USD, then next month charge will be: 1,500 * (1% / 12) = 1.24 USD
Performance fee	Percentage (%) of balance or equity of the allocation	Monthly, at the set date & time defined by broker or in the event of stop allocation	Charged only in case of a positive performance. Calculation is based on the HWM (High Water Mark) - only the new accumulated positive performance will be charged. Balance based calculation applies only for closed positions Equity based calculation applies for both closed and open positions
Exit fee	Percentage (%) of the equity of allocation at the moment of stop	Upon stop allocation / stop-out	If broker EF is 1% and fund manager EF is 1%, then total investor charge 2%. If investor stops allocation or gets stopped out, he will be charged 2% of the equity of allocation at the moment of stop.
Fixed fee	Set amount in the currency of the fund	Monthly at the set date & time defined by broker, on a day count basis.	If broker FF is 2 USD and fund manager FF is 2 USD, then total investor charge 4 USD. Investor will be always charged only for the number of days when allocation was active before the calculation time.

Reporting

All deducted charges can be reviewed in statement of account. To access the statement, proceed to Investor Report and choose Statement tab.

You can search for the charge by fund name or by transaction keywords.