The Impact of Custody Fees on Your Portfolio
Long-Term Impact Example
100,000 EUR portfolio at 0.5% annual fees:
- Annual cost: 500 EUR
- Over 10 years: 5,000 EUR
- Over 20 years: 10,000 EUR
- Over 30 years: 15,000 EUR (not accounting for portfolio growth)
Typical Fee Ranges
| Broker Type | Annual Fees |
|---|---|
| Online broker | 0 - 0.2% |
| Traditional bank | 0.3 - 0.8% |
| Private wealth | 0.5 - 1.5% |
Tips to Reduce Fees
- Compare brokers before opening an account
- Consider ETFs (lower built-in management fees)
- Check for hidden charges: custody rights, inactivity fees, transfer fees