Over the past months, as we developed our Broker Fee Comparison Tool, we looked into the different fees in Europe and the UK.
You probably won’t be surprised to hear that the fee structures are very confusing! But, the portfolios of our readers are often relatively simple, so coming up with a lifetime accumulation phase simulation of all fee components to choose the cheapest broker is not only feasible, but necessary.
Certain fees – like custody fees – eat into investors’ wealth in the same dramatic way as high Total Expense Ratios charged by Fund Managers.
Ready to choose the cheapest broker for your portfolio? Let’s dive in!