NO need to apologise. I just wanted to accentuate how good Sharesies is. When I used to buy FNZ and other Smartshares through Direct Broking it would cost me the $30 min plus brokerage. Now its free. There is no peer in NZ at present.
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If you want to do any significant amount of trading, forget Sharesies, totally not up to the job.
That I will agree with. Their order execution is a lot to be desired. But for a buy/hold proponent and building a portfolio it is great. They also give you a tax summary at year end with all I/C's, RWT paid, Gross Div amounts etc. Something Computershare and Link charge you for.
Sharesies is more direct so you have to fill out the W8BEN declaration form every 2+ years. There is no tax obligation other than tax withholding that the US takes on interest / dividend income. The full NZ brokerage firms already hand the tax with-holding on the client's behalf and would prepare separate tax slips.
Both Hatch and Sharesie from what I recall do not do full tax filing for the client. Just the bare minimum W8BEN. It's entirely up to the account holder to monitor their portfolio content if FIF applies or not. (when it goes over $50K NZD in value, etc.)
Sharesies is doing away with their annual subscription fee from 29 April 2021, but will start charging brokerage on NZ ETFs which are currently brokerage-free.
Should be good news for most Sharesies investors I think, especially smaller ones. Maybe not for those who only invest in NZ ETFs though.