What is “FSM Smart”?
At FSM, we emphasise the power of rebalancing. Historical data shows that regular rebalancing enhances portfolio return over time. Nonetheless, some investors hesitate when they thought of the switching fee that entails. To encourage investors to experience for themselves just how effective regular rebalancing can be, we now introduce a brand-new account type - “FSM Smart”. A wrap account in nature, “FSM Smart” grants you the greatest flexibility in portfolio management, with no fuss over paying switching fees.
Benefits of investing with “FSM Smart”:
*Monthly Platform Fee is calculated based on the aggregate value of the Customer’s investment in Securities excluding any balance in the Cash Account. NO initial charges or switching fees applied. Example: Investor A has HK$11,000,000 worth of assets under an “FSM Smart” account Monthly Platform Fee at 0.061% only Other service charges：
Note: Bank charges on switch, redemption proceeds or transfer of funds from cash accounts to the Customer's bank account(s) where applicable shall be borne by the Customer.
IFHK may vary or introduce new Service Fees from time to time. The Customer will be notified in writing of any changes.
About FSM
Asset Level
Annual Fee Rate
Monthly Fee Rate
On the First
HKD 500,000
0.9%
0.075%
On the Next
HKD 500,000
0.85%
0.071%
On the Next
HKD 9,000,000
0.75%
0.063%
Remainder
0.5%
0.042%
Annual Platform Fee
Chargeable Amount
On the First
HKD 500,000
0.9%
HKD 4,500
On the Next
HKD 500,000
0.85%
HKD 4,250
HKD 1,000,000
On the Next
HKD 9,000,000
0.75%
HKD 67,500
HKD 10,000,000
Remainder
HKD 1,000,000
0.5%
HKD 5,000
Total
HKD 11,000,000
HKD 81,250
