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FAQs

UOBAM FAQs

Digital Adviser
Fund Direct

Advisory fee

Calculated and accrued daily based on your assets under management (includes cash asset allocation held in your portfolio) and charged quarterly

N.A.

Platform charge
Calculated and accrued daily based on your assets under administration (includes excess cash held on platform)

Subscription charge

N.A.

On Buy transactions. Does not apply to the United SGD Money Market Fund.

US Securities and Exchange Commission (SEC) fees (applies to sell trades for US-listed ETFs)

Based on prevailing SEC fee rates and is subject to change from time to time without notice. Please refer to the SEC website for latest updates.

N.A.

Fees charged by underlying Funds and ETFs

Digital Adviser

Digital Adviser

Underlying fund related fees (e.g. Management Fee, Trustee Fee, Valuation Fee etc.) payable out of the Funds to the Managers, the Trustee and other parties
Please refer to respective fund prospectus.

Should there be insufficient cash balance in your account to pay the fees, UOBAM Invest will proceed to divest your investment holdings to meet the obligations.

For fees and promotions, please refer to Our features.

No. The advisory fee payable by the client covers almost all execution commissions (sales charge for unit trusts and brokerage for ETFs) and the only transaction related charge that is not priced into the advisory fee is the SEC fee. This fee is only applicable when there is a sale of US-listed exchange traded funds (ETF).

The SEC fee is chargeable only when the Digital Adviser sells a US-listed ETF. The current SEC fee rate is 0.00221% of the value sold and subject to change from time to time without notice. Please refer to the SEC website for latest updates. The SEC fee will be deducted directly from the sales proceeds of a US-listed ETF sale.

Withholding tax is applied at 30% for dividends arising from US-listed exchange traded funds (ETFs) owned through a Digital Adviser account.

Unless the client qualifies as GST-exempted, GST is payable on all fees in relation to transactions and services offered through UOBAM Invest.

  • The platform charge (0.3% p.a.) is waived till 31 December 2020. Please refer to the Terms and Conditions governing the UOBAM Invest promotion and eligibility criteria.