All-In Access Fee
A yearly fee based on the value of your assets with Goldman Knox, also known as Assets Under Advice
(AUA).
Grow all your money with zero to low sales charges depending on the product.
Lower fees for bigger returns
Fees are important to your returns
- keep them low.
When you look at the math, a difference of just 1% in fees is equivalent to over
Goldman Knox Management fees are 1/3 of the industry average.
So you keep much, much more of your returns.
An evil worth
fighting: trailer fees
The
industry is incentivised to work against us
Many financial advisers,
brokers, private banks, and platforms are paid by product providers,
such as asset managers, to sell you their products. For example, if you
pay 2% in management fee for a fund, it is likely that over 50% of that
fee is being given to the person or firm that sold you the product to
begin with, in the form of a trailer fee. This is on top of a sales
charge that they are entitled to. As a salesperson, you would be
incentivised to sell products that have higher trailer fees and can
command higher sales charges.
We think
this is wrong
It creates misaligned
incentives to sell higher cost products, and churn your positions in
order to collect sales charges. Our preference is to never collect a
trailer fee.
So we
fixed the issue, rebating what we do not deserve
In the case that there is a
trailer fee from an asset manager, we will rebate 100% to
you. This means you keep more of the returns you deserve, and
we remain independent to recommend the products that best suit
you.