yes, http://investnow.co.nz/award-winning-managed-funds/ has 2 vanguard funds with very low fees which are their wholesale rate, how do they make money?
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yes, http://investnow.co.nz/award-winning-managed-funds/ has 2 vanguard funds with very low fees which are their wholesale rate, how do they make money?
They're owned by http://iisolutions.co.nz/about-us/
I'm just guessing, but I think they may be using the Vanguard funds as loss leaders (hoping you'll also send some $ to their other more lucrative funds).
I invest in vanguard funds using by purchasing efts via the asx. I like having control but must admit this is the next best thing. I wonder if they are held in a custodial account?
I wonder what happens to your investments if Investnow goes bust or shuts down
I have VTS and VXUS via Interactive Brokers. It is easy to open an account but less easy than others to trade. Currency conversion is very cheap with IB.
I have looked at Simplicity but it charges 0.06% on all funds whilst the underlying costs of VTS and VXUS are much less.
There is also the FIF aspect. Simplicity may be a PIE and so have no tax to pay but as a company / trust it will be charged at the FIF rate irrespective of whether the funds go up or down. In my own name FIF tax is only payable if the funds increase.
Cheap, as in fees - or cheap, as in close spreads between Buy and Sell rates quoted?Quote:
Currency conversion is very cheap with IB.
Kiwico, how does custodial work with IB