The management fee applies to Managed Portfolios only and is 0.25% a year.
The InvestEngine management fee is quoted annually to make it easier to understand, but collected from your account on a monthly basis. To calculate your monthly fee, simply divide 0.25% by 12, i.e. your monthly fee is 0.25%/12 = 0.021%.
Your fee is calculated daily and is based on the daily value of your portfolio/s. These daily amounts are then added up at the end of the month and deducted in the following month.
We do not charge a management fee on DIY Portfolios. Please note, costs associated with ETFs still apply to securities held in a DIY Portfolio.